About Velocity IT
Velocity IT is a company based in Milton Keynes (United Kingdom) founded in 2010 was acquired by Core in April 2024.. The company has 10 employees as of January 31, 2022. Velocity IT offers products and services including Robotic Process Automation (RPA), Low-Code Automation (BPM), and Artificial Intelligence Automation. Velocity IT operates in a competitive market with competitors including UST, NTT DATA, Breed Reply, Globant and 1&1 IONOS, among others.
- Headquarter Milton Keynes, United Kingdom
- Employees 10 as on 31 Jan, 2022
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Sectors
Technology
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Phone
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Website
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Social
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- Legal Name Velocity It Ltd
- Date of Incorporation 14 Jan, 2010
- Jurisdiction MILTON KEYNES, BUCKINGHAMSHIRE, ENGLAND
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Products & Services of Velocity IT
Velocity IT offers a comprehensive portfolio of products and services, including Robotic Process Automation (RPA), Low-Code Automation (BPM), and Artificial Intelligence Automation. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Automates repetitive tasks to improve efficiency and reduce errors.
Enables rapid creation of custom workflows for business processes.
Uses AI to handle complex data and decision-making tasks.
Funding Insights of Velocity IT
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Velocity IT
Velocity IT has secured backing from 1 investor. Prominent investors backing the company include Core. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Managed services are provided by Core in the United Kingdom.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Velocity IT
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Velocity IT
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Velocity It Comparisons
Competitors of Velocity IT
Velocity IT operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as UST, NTT DATA, Breed Reply, Globant and 1&1 IONOS, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
High-quality office furniture is provided by UST for various needs.
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Application development, cloud, cybersecurity, and business intelligence services are provided.
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AI, cloud, and blockchain services are provided globally.
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IT and digital transformation services are delivered to various industries.
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Cloud infrastructure and hosting services are provided by 1&1 IONOS.
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Provider of end-to-end business process outsourcing services
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Velocity It
Frequently Asked Questions about Velocity IT
When was Velocity IT founded?
Velocity IT was founded in 2010.
Where is Velocity IT located?
Velocity IT is headquartered in Milton Keynes, United Kingdom.
How many employees does Velocity IT have?
As of Jan 31, 2022, the latest employee count at Velocity IT is 10.
What does Velocity IT do?
Velocity IT was founded in 2010 and is based in Milton Keynes, United Kingdom. Operations focus on the IT and professional services sector, where digital transformation initiatives are supported alongside financial management tools. HR solutions and IT infrastructure services are also delivered to clients. The company maintains its domain at velocity-it.com, serving needs in these areas across the region.
Who are the top competitors of Velocity IT?
Velocity IT's top competitors include Happiest Minds, 1&1 IONOS and Genpact.
What products or services does Velocity IT offer?
Velocity IT offers Robotic Process Automation (RPA), Low-Code Automation (BPM), and Artificial Intelligence Automation.
Who are Velocity IT's investors?
Velocity IT has 1 investor. Key investors include Core.
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