Salesforce plans to invest $ 1 billion in Singapore over the next five years as it seeks to fuel the adoption of its AI agent development platform, Agentforce. Salesforce claimed that Agentforce can help alleviate Singapore’s ongoing labor issues and augment the country’s workforce and enterprises by creating “digital workforces” that combine humans with autonomous […]
Salesforce snatches up Zoomin, a tool for organizing company knowledge
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 […]