VC-backed Okta taps Salesforce.com former SVP for new position

Okta said Monday that it has hired Krista Anderson as its first chief customer officer. Anderson is a former senior vice president at Salesforce.com. Based in San Francisco, Okta is an identity management service. It is backed by Andreessen Horowitz, Greylock Partners, Khosla Ventures and Sequoia Capital.

VC-backed Domo appoints TPG principal to board

Enterprise software startup Domo has named Nehal Raj, a principal at TPG, to its board of directors. TPG Growth recently led a $125 million Series C round in Domo. The company’s other backers include Benchmark, Fidelity Investments, Founders Fund, GGV Capital, Greylock Partners, IVP, Salesforce.com, T. Rowe Price, WPP and Zetta Venture Partners.

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peHUB Second Opinion

To end your week, Quiznos files for Chapter 11, Alibaba expected to file for a U.S. IPO, Colin Powell joins the board of Salesforce.com and why Google Glass is so bad and hated.

Salesforce.com appoints former Secy of State General Colin Powell to board

Salesforce.com said Friday that it has named General Colin Powell to its board of directors. The appointment became effective March 13, 2014. A retired four star general, General Powell served as U.S. National Security Advisor, Commander of the U.S. Army Forces Command and Chairman of the Joint Chiefs of Staff. He was also the 65th Secretary of State under President George W. Bush. General Power is is a strategic limited partner at Kleiner Perkins Caufield & Byers. Headquartered in San Francisco, Salesforce is a provider of CRM solutions.

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SteelBrick secures funding

SteelBrick, a provider of easy-to-use apps for Salesforce.com customers, has received $5 million backing from Godard Abel, the company’s new CEO and former co-founder/CEO of BigMachines, and from Matt Gorniak, former global SVP sales/alliances from BigMachines, who will serve as a senior advisor to SteelBrick. SteelBrick recently opened an office in Chicago and has launched a new website.

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Bessemer’s Cloud Computing Stock Index

If you remain doubtful that cloud computing software investments can pay off, just look at the numbers. Thirty of the largest publicly traded cloud software companies now have a combined market cap of more than $100 billion;

Flotype Raises $1.4M From Andreessen Horowitz, Ignition, Others

Flotype has raised $1.4 million in seed funding from Andreessen Horowitz, Ignition Partners, Yuri Milner, Salesforce.com and Y Combinator, according to news reports posted on the company’s Web site. Below is a story from GeekWire. NEWS STORY Flotype raises cash from Ignition, Salesforce and others to help coders build applications faster Flotype, a cloud startup led […]

Salesforce Agrees to Buy VC-Backed Rypple

Salesforce.com announced it has agreed to buy Toronto-based Rypple, a provider of human resources software-as-a-service. Rypple, which has raised $13 million in funding from Bridgescale Partners, Edgestone Capital Ventures and Extreme Venture Partners, including a $7 million Series B round last year. Individual investors of Rypple include Peter Thiel (an early Facebook investor) and Roger […]

Box Wraps Up Funding With $81M Round

Content-sharing site Box.net has wrapped up its Series D expansion round, having raised $81 million. As peHUB.com previously reported, Salesforce.com and New Enterprise Associates have joined the round, along with Bessemer Venture Partners and previous investors Andreessen Horowitz and Draper Fisher Jurvetson Growth. Box has now raised more $162 million in total capital. CEO and […]

Ofer Hi-Tech, Salesforce.com Back Checkmarx

Checkmarx Ltd., a provider of static application security testing software, has added an undisclosed amount of financing from Salesforce.com and Ofer Hi-Tech. Terms of the investment were not released. The infusion will be used to bolster product development and sales and marketing efforts.

Salesforce Buys Assistly

Salesforce.com, the San Francisco-based enterprise cloud computing company, has acquired Assistly, a virtual customer-service help desk whose customers include Klout, Instagram, and Spotify, among others. Assistly’s investors include Bullpen Capital, Index Ventures, Salesforce.com, Social Leverage and True Ventures. Salesforce is paying $50 million in cash for the company, also based in San Francisco. Assistly had […]

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