Salesforce
Salesforce Raises $500M in Convertible Note
Quick Facts
Salesforce Raises $500M in Convertible Note
Salesforce has successfully raised $500M in a Convertible Note at a $230B valuation led by Oracle, Halsey Minor.
Company Overview
Salesforce is a Enterprise Software company headquartered in 415 Mission Street, San Francisco, CA 94105, founded in 1999 with 73000+ employees.
CRM and enterprise cloud computing
Fundraising Details
- Amount Raised: $500M
- Round Type: Convertible Note
- Valuation: $230B
- Date: 2024-06-14
- Investors: Oracle, Halsey Minor
About Salesforce
CRM and enterprise cloud computing The company is positioned in the Enterprise Software sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: 415 Mission Street, San Francisco, CA 94105
- Founded: 1999
- Team Size: 73000+
- Industry: Enterprise Software
What This Means
This funding round demonstrates strong investor confidence in Salesforce's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The Enterprise Software sector continues to attract significant investment as companies innovate to meet evolving market demands. Salesforce's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $230B valuation marks an important milestone for Salesforce, positioning the company among notable players in the Enterprise Software industry.
Looking Ahead
With this new capital, Salesforce is well-positioned to execute on its growth strategy and continue building innovative solutions in the Enterprise Software space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
This fundraising news was reported on 2024-06-14. For more information about Salesforce, visit their headquarters at 415 Mission Street, San Francisco, CA 94105.
About the Author
Related Company Reports
Harvey AI Raises $160 million in Series F
Harvey AI, a AI Software company based in San Francisco CA, has raised $160 million in Series F at a $8 billion valuation led by Andreessen Horowitz.
7AI Raises $130 million in Series A
7AI, a Cybersecurity company based in Boston MA, has raised $130 million in Series A at a $700 million valuation led by Index Ventures.
TRIANA Biomedicines Raises $120 million in Series B
TRIANA Biomedicines, a Biotechnology company based in Lexington MA, has raised $120 million in Series B at a Undisclosed led by Ascenta Capital.