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.


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 […]

800App Closes Series B With Salesforce.com, Sierra Ventures

800App said it closed a Series B funding with new investor Salesforce.com joining existing investor Sierra Ventures in the round. The China-based CRM software as a services company did not release financial terms. PRESS RELEASE 800App Closes Series B Round of Funding to Drive China Expansion 800App, a leading provider of online CRM in China, […]

Taptera Closes $2 Mln Series A Round

Tapetera said Wednesday that it has secured $2 million in Series A funding led by Silicon Valley investor Terence Garnett. Others participating included salesforce.com, as well as M.R. Rangaswami and David Murphy. San Francisco-based Tapetera develops Apple mobile enterprise apps.

Slideshow: Redpoint Ventures’ Red-Hot Deals

Redpoint Ventures’ Menlo Park offices must be an awfully happy place to have been these last 12 months. The VC has racked up billions of dollars’ worth of IPOs, sales to strategic buyers and even launched itself into a handful of new investments as of late. Some of its deals—like eye-popping multiples on Cloud.com, or […]


SoMa Startup Influx Brings Fast-Rising Rents

One can gauge the health of the startup economy by poring over venture funding stats. But a far more simplistic approach is to walk around the neighborhoods that startups favor, and see how much prime office space is still for rent. Based on a recent trip through San Francisco’s entrepreneur-heavy South of Market (SoMa) district, […]

Sequoia, Google Ventures Join $32M Round For HubSpot

Sequoia Capital, Google Ventures and Salesforce.com joined a $32 million Series D round for HubSpot, the companies said Tuesday. The funding was the first time the three firms have invested together in a startup. The round brings to $65 million the capital HubSpot, a maker of online marketing and Web analysts software, has raised since […]

Salesforce.com Nabs Dimdim

Salesforce.com, the listed, California-based provider of enterprise cloud computing and customer and collaboration relationship management (CRM) applications, spent $31 million to acquire Dimdim, according to an announcement at the company’s Web site. According to the deal announcement, the deal will extend Salesforce.com’s Chatter collaboration platform with critical real-time communication technologies. Dimdim’s VC investors include Index Ventures and Nexus Venture Partners.

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