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Insight Partners leads USD 17 million Series A round in Israeli startup Velocity

Source: kr-asia.com kr-asia.com
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New York-based global venture capital and private equity firm Insight Partners has led a USD 17 million Series A funding round in Tel Aviv-headquartered software startup Velocity. Venture capital firms Hetz Ventures and Greycroft also participated in the round alongside other individual investors. The company provides a cloud-powered platform to accelerate the way developers build and deliver products. Founded in late 2020, Velocity recently came out of stealth mode into beta. The firm is already working with various customers including StreamElements and Granulate. The latest fundraising brings Velocity’s total funding amount to USD 2 million. The fresh cash will enable...
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