Salesforce Ventures

2021

Investing in Australian International Remittance Service for Airwallex Business

At the end of September 2021 Airwallex , she announced the raising of $200 million as part of the Sereis E financing round, following which it fintechstartup was estimated at $4 billion. Among the investors was the fund, DST Global Yuri Milner as well as Salesforce Ventures. More. here

Investing in payment solution developer Flutterwave

In early March 2021, the African fintech-startup Flutterwave announced the attraction of $170 million in investments as part of the round of series C. The cost of the startup exceeded $1 billion, which allowed him to join the ranks of unicorns. Salesforce Ventures invested in it. here More.

Investing in Databases Data Analysis Software Developer

In early February 2021 Databricks , she raised $1 billion from, Amazon Web Services CapitalG (a private company under management), Alphabet Salesforce Ventures, and, Google Microsoft which had previously invested in Databases. The developer's valuation ON increased to $28 billion. More. here

2017: Increase in total investments to $700 million

In September 2017, Salesforce.com announced the creation of an investment fund that will provide financial support to startups specializing in artificial intelligence (AI) technologies. With this initiative, the company celebrated the first anniversary since the launch of the Einstein AI platform, which analyzes data and gives companies recommendations on its business processes.

The $50 million fund was formed by the venture capital division of Salesforce Ventures, which appeared in 2009. From that moment to September 2017, funds from Salesforce Ventures were provided to more than 250 startups, and the total investment exceeded $700 million, Salesforce Ventures vice president John Somorjai told Reuters.

Salesforce.com reported on total investments in startups - more than $700 million in 8 years

Currently, there is a huge upturn in companies offering unique AI innovations, "says Somorzhay. - We want these companies to create their innovations on the Salesforce platform... What we do within this fund emphasizes the importance of our aspirations to offer customers more artificial intelligence-oriented solutions.

According to him, thanks to the new fund, the company hopes to attract more developers to create AI applications working together with Salesforce products. In addition, it is planned to expand the range of tasks performed by Einstein technology, launched in the fall of 2016, said Somorzhay.

By September 2017, over 7 thousand developers were creating AI applications using Einstein. The first investment from the new Salesforce fund was received by startups Highspot, Squirro and TalkIQ.

Salesforce is far from the only investor working with AI startups. Since the beginning of 2017, such novice developers have received a total of $10.8 billion in investments against $5.6 billion for the whole of 2016, according to CB Insights analysts.^[1]

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