Veles Analysis: $730K Raised
What is Veles?
Veles is an AI-native CPQ and deal execution platform for quote-to-contract workflows. It supports pricing, approvals, document generation, and contract execution from sales calls or CRM data. The company says it powers more than 4,000 account executives and RevOps leaders and is backed by Y Combinator.
Location
735 State St, Santa Barbara, California, 93101, US
Employees
1-10
Founded
2023
Revenue
$450K - $7.31M
Autonomy Level
Tool
Business Model
Subscription-based revenue model with pricing intelligence for enterprise sales optimization.
Delivery Model
Hybrid
Industry Focus
FinTech, Software & Developer Tools
Job Impact
AE, Sales Manager, Sales Ops, RevOps
Modality
Multi-channel
Sub-Category v3
Proposal Automation
Vertical Focus
Horizontal
YC Batch
W24
Product Features & Capabilities
- Pricing Calculator, Deal Desk Automation, Promos & Incentives, Pricing Recommendations, SFDC & Zuora CPQ Integrations, Pricing Analytics, Monitor Pricing Performance, Analyze Rep Performance
Pricing
- Startup: $30 USD/seat/month
- SaaS pricing calculator
- Rep performance reports
- Hands-on implementation
- SSO
- CRM integrations
- Growth: $50 USD/seat/month
- Everything on Startup +
- Deal Desk Automation
- Premium support
- CPQ integrations
- Starting at 25 team users
- Enterprise: Custom pricing
- Everything on Growth +
- Enterprise security
- Dedicated support + SLAs
- Premium integration support
- AI-powered guidance
How much Veles raised
1 - $730K
November 28, 2023Lead Investor: Y Combinator
Who are the founders of Veles
SO
Simon Ooley
CEO
PK
Market Focus
Veles primarily focuses on the enterprise software sales industry, providing tools to streamline pricing and automate deal desk workflows for sales representatives.
Investors
- Rebel Fund
- The Home Depot
- Transpose Platform Management
- Y Combinator
Competitors Overview
Veles operates in the enterprise software sales market, specifically focusing on sales calculators and pricing automation. Its main competitors include:
- HubSpot Sales Hub: Offers powerful sales engagement tools and robust analytics, known for its user-friendly interface that enhances sales processes.
- Zoho CRM: Focuses on customer relationship management, helping businesses attract and retain customers effectively.
- PandaDoc: Provides a comprehensive solution for document creation, tracking, and signing, streamlining workflows significantly.
- Salesforce Revenue Cloud: A fully integrated CPQ solution that automates quoting and contracting processes, enhancing sales productivity.
- Proposify: Specializes in proposal management, helping teams remove bottlenecks in the sales cycle and gain visibility into the closing process.
- Pipedrive: A web-based sales CRM that helps sales teams track pipelines and manage deals with a simple interface and visual sales pipeline.
- ConnectWise CPQ: Focuses on quote and proposal automation for IT solution providers, offering tools for workflow automation and sales reporting.
- Conga: A cloud-based contract lifecycle management platform with robust contract management features.
- Sigma Systems: Provides product, order management, and network provisioning solutions, focusing on telecommunications and network services.
Notable differences among these competitors include their specific functionalities, such as document automation, CRM capabilities, and proposal generation, which may provide advantages depending on the specific needs of a business.
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