Velos - About the company
Velos is an acquired company based in Fremont (United States), founded in 1996. It operates as a Clinical research management solutions. Velos has raised $41.8M in funding. The company has 162 active competitors, including 18 funded and 25 that have exited. Its top competitors include companies like Novotech, Concert AI and Bioptimus.
Company Details
Velos offers technology platforms for clinical research management. Products include Velos eResearch- a clinical research management suite (CRMS) available automating all administrative, financial, and research activities, Velos eCompliance - a tool to accelerate approval process which can be used to set up new protocols and manage approval processes for Institutional Review Boards (IRBs), Protocol Review Committees, and pre-review processes, Velos eSample - a biospecimen management solution, Velos Volunteer - a workflow based technology solution for long-term management of potential research participants as well as an advanced recruitment tool for studies and Velos International Drug System- a drug accountability software. It also offers project management, workflow analysis and product installation services.
- Website
- velos.com
- Email ID
- *****@velos.com
- Registered Address
- Fremont, California
Key Metrics
Founded Year
1996
Location
Fremont, United States
Stage
Acquired
Total Funding
$41.8M in 2 rounds
Latest Funding Round
Investors
Ranked
61st among 162 active competitors
Employee Count
15 as on Sep 30, 2018
Exit Details
Acquired by Wcg Clinical (Dec 01, 2018)
Legal entities associated with Velos
Velos is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
VELOS, INC. CIN: 133804539 , United States, Active | Dec 26, 999 | - | 10 (As on Dec 31, 2018) | - |
Velos's acquisition details
Velos got acquired by Wcg Clinical on Dec 01, 2018.
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Velos's funding and investors
Velos has raised a total funding of $41.8M over 2 rounds. Its first funding round was on Jul 10, 2018. Velos has 1 institutional investor.
Here is the list of recent funding rounds of Velos:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Sep 28, 2018 | 7462012 | Series C | 1735365 | 8539218 | 1109437 | 2532546 |
Jul 10, 2018 | 2096919 | Unattributed | 4579022 | 2247299 | 4456269 | 8144520 |
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Velos' founders and board of directors
Founder? Claim ProfileVelos' employee count trend
Velos has 15 employees as of Sep 18. The total employee count is 57.0% lower than what it was in Sep 17. Here is Velos's employee count trend over the years:
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Velos's Competitors and alternates
Top competitors of Velos include Novotech, Concert AI and Bioptimus. Here is the list of Top 10 competitors of Velos, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Provider of clinical research services across all trial phases and therapeutic areas | $255M | 68/100 | ||
2nd |  Concert AI 2018, Boston (United States), Series C | Provider of AI and real-world data solutions for life sciences | $300M | 64/100 | |
3rd | Developer of AI foundation model to transform biological research | $76M | 62/100 | ||
4th | Dotmatics 2005, Bishop s Stortford (United Kingdom), Acquired | AI powered scientific data management and workflow automation solutions | $11.3M | 62/100 | |
5th | Sygnature Discovery 2004, Nottingham (United Kingdom), Series A | Provider of services and products for integrated drug discovery | - | 56/100 | |
6th | Digital Science 2010, London (United Kingdom), Funding Raised | Research assistance software solutions | - | 56/100 | |
7th | Doctor Evidence 2004, Santa Monica (United States), Acquired | Evidence based medical decision solutions for multiple healthcare stakeholders | $1.5M | 56/100 | |
8th | Instem 1969, Conshohocken (United States), Acquired | Software solutions for data collection, management, and analysis for the life science industry | - | 55/100 | |
9th | _1560500852706.png?devicePixelRatio=2&height=30&width=30){kind=logo} Intelligencia 2018, New York City (United States), Series A | Cloud and AI-led analytics platform for drug discovery and development | $13.8M | 52/100 | |
10th | Anju Software 2015, New York City (United States), Acquired | Life science software platform | $27.4M | 52/100 | |
61st | Velos 1996, Fremont (United States), Acquired | Clinical research management solutions | $41.8M | 28/100 |
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Velos's Investments and acquisitions
Velos has made no investments or acquisitions yet.
Reports related to Velos
Here is the latest report on Velos's geography:
News related to Velos
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AMAG Pharmaceuticals Acquires Orphan Drug Candidate for Treatment of Severe PreeclampsiaInvesting News•Sep 26, 2018•Velos, AMAG Pharma
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‘The depth and accuracy of patient identification using Velos Spring is unmatched’: CEOOutsourcing-Pharma•Jul 12, 2018•Velos
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Velos successfully leads efforts to centralize clinical research management across bordersPR Newswire•Oct 04, 2017•Velos
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