Category Archives: Salesforce Ventures

Zoom increases IPO price range ahead of Thursday listing

Zoom, the developer of video conferencing software, plans to list its shares on the Nasdaq under the ticker symbol “ZM” at between $33 and $35 apiece, per an updated S-1 filing. The company has also announced plans to sell $100 million in Class A shares to Salesforce Ventures at the initial public offering price. The latest price range is a step up from Zoom’s earlier plans to charge between $28 and $32 per share. Zoom plans to sell 9,911,434 shares of Class A common stock in the […]

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Enterprise drone service Kespry raises new funding from Salesforce Ventures

Kespry, a company that offers industrial users a subscription-based drone service, today announced that it has raised funding from Salesforce Ventures, marking that firm’s first hardware investment. With this, Salesforce and Kespry are also partnering around bringing Kespry’s drone services for the insurance industry to Salesforce’s own tools for this vertical. Sadly, the companies did not disclose the actual funding amount, but our understanding is that it’s a substantial amount that’s comparable to other Salesforce Ventures investments. With its focus on industrial use cases, the company, which […]

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Vlocity nabs $60M Series C investment on $1B valuation

As we wrote last week in How Salesforce paved the way for the SaaS platform approach, the ability to build extensions, applications and even whole companies on top of the Salesforce platform set the stage and the bar for every SaaS company since. Vlocity certainly recognized that. Targeting five verticals, it built industry-specific CRM solutions on the Salesforce platform, and today announced a $60 million Series C round on a fat unicorn $1 billion valuation. The round was led by Sutter Hill Ventures and Salesforce Ventures. New […]

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Appen acquires Figure Eight for up to $300M, bringing two data annotation companies together

Appen just announced that it’s acquiring Figure Eight in an all-cash deal that sees Appen paying $175 million upfront, with an additional payment of up to $125 million based on Figure Eight’s performance this year. Both companies focus on using crowdsourced labor pools to annotate data, which in turn is used to train artificial intelligence and machine learning — for example, Figure Eight (formerly known as CrowdFlower and Dolores Labs) says its technology has been for everything from mapping to stock photography to scanning receipts for expense reports. Appen, […]

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