Salesforce is on a buying spree. After snatching up data management firm Own earlier in the month, Salesforce today announced its plans to buy Zoomin, an enterprise knowledge platform. Zoomin — which we’ve covered a handful of times before — unifies a company’s docs, like product user guides and tutorials, in one portal. The terms […]
Salesforce Ventures ups its AI fund to $1B, doubling it again
As part of Salesforce’s massive tech conference, Dreamforce, taking place this week in San Francisco, its VC arm, Salesforce Ventures just announced a new $ 500 million fund dedicated to AI companies. This is significant for several reasons. First, in June 2023, Salesforce Ventures doubled its AI fund from $ 250 to $ 500, so […]
Salesforce acquires data management firm Own for $1.9B in cash
Salesforce has acquired Own Company, a New Jersey-based provider of data management and protection solutions, for $ 1.9 billion in cash. Own is Salesforce’s biggest deal since buying Slack for $ 27.7 billion in 2021. The company reportedly considered — but ultimately decided against — purchasing data management software firm Informatica earlier this year. In […]
Filing: Salesforce paid $419M to buy Spiff in Feb
Salespeople live and die by commissions, which typically form a big chunk of how they are paid, so it’s no surprise that Salesforce paid a premium to buy a platform to manage this for customers more easily. Several months ago, it acquired Spiff, to help companies build out and manage incentive-based compensation schemes. Salesforce’s 10-K […]
Profluent, spurred by Salesforce research and backed by Jeff Dean, uses AI to discover medicines
Last year, Salesforce, the company best known for its cloud sales support software (and Slack), spearheaded a project called ProGen to design proteins using generative AI. A research moonshot, ProGen could — if brought to market — help uncover medical treatments more cost effectively than traditional methods, the researchers behind it claimed in a January […]