Veeva Systems(VEEV)

Leader#1 in Healthcare Tech

Veeva Systems (VEEV) reported $2.7B revenue in FY2025, up 14% YoY. #1 cloud platform for life sciences. ~8,000 employees. HQ: Pleasanton, CA. Market cap ~$40B.

Life Sciences Cloud
VEEV
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Updated March 2026

Company Overview

About Veeva Systems

Veeva Systems Inc. is the leading cloud software provider for the global life sciences industry, headquartered in Pleasanton, California. Founded in 2007 by Peter Gassner (a former Salesforce executive) and Matt Wallach, Veeva built its platform on Salesforce and later developed its own Vault cloud infrastructure. The company became a public benefit corporation (PBC) in 2021. Veeva reported revenues of $2.7B in fiscal year 2025 (ending January 2025), up 14% year-over-year, with a market capitalization of approximately $40B.

Business Model & Competitive Advantage

Veeva's platform is organized around two clouds: Commercial Cloud (CRM, marketing, data) and R&D Cloud (Vault). The Vault platform includes Vault Clinical (clinical trial management), Vault Quality (quality management systems), Vault Regulatory (submissions and labeling), and Vault Safety (pharmacovigilance). Virtually every major pharmaceutical company globally uses Veeva — Pfizer, AstraZeneca, Johnson & Johnson, Roche, Novartis. The company has exceptional net revenue retention (~120%+) driven by expansion within existing enterprise accounts.

Competitive Landscape 2025–2026

Veeva is making a significant platform bet on Veeva Vault CRM — a complete rebuild of its CRM on its own Vault architecture rather than Salesforce, representing both an opportunity (better integration) and a migration challenge. Vault CRM is expected to become the primary commercial platform for the life sciences industry by 2030. Veeva is also investing heavily in AI capabilities (Veeva AI) to enable AI-driven drug development, clinical operations, and commercial insights.

Revenue
$2700M
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Key Differentiators

Market Leader

Veeva Systems is recognized as a market leader in the Healthcare Tech sector, demonstrating strong industry presence and customer trust.

Enterprise Scale

With $2700M in revenue, Veeva Systems operates at enterprise scale with proven market validation.

Top 3 Ranked

Ranked #1 in the Healthcare Tech category, consistently recognized for excellence.

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