Vlocity's Founder and CEO, David Schmaier, Honored by Goldman Sachs, Named One of the “100 Most Intriguing Entrepreneurs”

Goldman Sachs Most Intriguing Entrepreneur

Vlocity Recognized for Leading Digital Transformation and Customer Experience Innovation for Companies in Six Vertical Industries.

SAN FRANCISCO — Oct. 16, 2019 Vlocity Inc., a leading provider of industry-specific cloud software, today announced Goldman Sachs (NYSE:GS) is recognizing that founder and CEO David Schmaier is one of the "100 Most Intriguing Entrepreneurs of 2019" at its Builders + Innovators Summit in Santa Barbara, California. The award recognizes top entrepreneurs who build enduring companies that reshape industries and drive progress through innovation.

“We are honored by this recognition from Goldman Sachs, as it’s ultimately a recognition of team success – and all credit goes to our amazing customers, partners and employees,” said David Schmaier, CEO and founder of Vlocity. “We started Vlocity with a simple but clear mission: Build best-in-class software through deep industry domain expertise to help companies transform for the industry age. We believe the best customer experiences are industry-specific, and ‘industry cloud’ is the next evolution of cloud software.”

Having worked since the early 1990s in the customer relationship management (CRM) industry to deliver customer-centric transformations to large enterprises, Schmaier founded Vlocity in 2014 with a plan to build industry cloud applications that power digital transformation and customer experience improvements across multiple industries. Committed to innovation, customer success and a values-led culture, Vlocity serves the world’s leading companies in Communications, Media & Entertainment, Energy & Utilities, Insurance, Health, and Government.

For 150 years, Goldman Sachs has supported entrepreneurs as they launch and grow their businesses. That’s why we are pleased to recognize David Schmaier as one of the most intriguing entrepreneurs of 2019.

– David M. Solomon, CEO, Goldman Sachs

"True innovation is built from a diversity of perspectives and experiences", said David M. Solomon, Chief Executive Officer of Goldman Sachs. "Our Builders + Innovators Summit brings together a collective of impressive future leaders who are striving to drive meaningful change. For 150 years, Goldman Sachs has supported entrepreneurs as they launch and grow their businesses. That’s why we are pleased to recognize David Schmaier as one of the most intriguing entrepreneurs of 2019."

In addition to honoring 100 entrepreneurs, the summit consists of general sessions and clinics led by seasoned entrepreneurs, academics and business leaders as well as resident scholars.

Vlocity now serves enterprise customers globally, across six industries: Communications; Media & Entertainment; Energy & Utilities; Insurance; Health; and Government. Vlocity’s cloud and mobile applications embed deep industry-specific functionality, best practices, and business processes. This combination enables companies to achieve greater business results and time-to-value in the cloud, while delivering unified customer experiences across channels and devices.

Vlocity recently ranked #24 on the Forbes 2019 Cloud 100, its third consecutive year on the list of the top 100 private cloud companies in the world, published by Forbes in partnership with Bessemer Venture Partners and Salesforce Ventures. The company has raised $163 million in funding from Sutter Hill Ventures, Salesforce Ventures, Bessemer Venture Partners, Accenture and New York Life.

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