Velocity Signs
| Company type | Private |
|---|---|
| Industry | Manufacturing |
| Founded | 2006 |
| Founder | Scott Adams, Josh Faherty |
| Headquarters | Sacramento , United States |
Key people | Scott Adams (President and CEO) |
| Products | Sign-waving machines |
Velocity Signs is a manufacturer specializing in sign-waving machines, headquartered in Sacramento, California. The firm designs and markets portable, battery-powered sign-waving devices. Scott Adams holds the position of President and CEO. The company achieved nationwide recognition following its appearance on Shark Tank in April 2014.
History
Established in 2006 by Scott Adams alongside engineer Josh Faherty, Velocity Signs commenced production of its machines domestically in 2009. During its inaugural year, the business recorded sales totaling $257,000. Out of 30,000 contenders, Velocity Signs was chosen to feature on Shark Tank, where it obtained a $225,000 investment for a 30% stake from investors Mark Cuban, Robert Herjavec, and Kevin O'Leary. Additional funding proposals came from Lori Greiner and Barbara Corcoran. Prominent customers include Subway, Burger King, Chevrolet, and Ford dealerships.