Burlington MA-based Vela Systems lands $6M in Funding
Also saw this one today on the Wire...
From New England Tech Wire | Sept 2, 2010
Burlington, Mass. -- Vela Systems, a Burlington-based provider of mobile field software for the architecture, engineering and construction industry, announced on Thursday that it has raised $6 million in its second round of venture capital, which was led by a strategic investment from Autodesk, a provider of computer aided design software for the same industry. Founded in 2005, combines mobile technologies at the point of construction with reporting for management, eliminating the need to carry pads of paper and tubes of drawings on the jobsite. Users work with Vela software on mobile devices like the iPad and Tablet-PCs to access construction documents and to complete inspections, worklists, punchlists, and commissioning. Home office teams and management use Vela software with the internet to oversee quality and safety programs, coordinate among trades, and connect field information for facility management. Commonwealth Capital Ventures and GrandBanks Capital also invested in Vela’s latest venture capital round.
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