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Salesforce.com announces $100 million fund to fuel mobile innovation

Jubin Mehta
10th Sep 2014
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Salesforce.com, the largest provider of CRM software has announced a New Salesforce1 Fund from Salesforce Ventures to fuel mobile innovation for the Internet of customers. With its first dedicated fund, Salesforce Ventures has allocated $100 million to invest in companies building innovative mobile apps and connected products that extend the power of the Salesforce1 Platform. The first wave of Salesforce1 Fund investments include:DocuSign—DocuSign’s Digital Transaction Management (DTM) platform empowers mobile Salesforce users and their customers to go 100 percent digital so that anyone can transact anything, anytime, anywhere, on any mobile device securely – all from within Salesforce1.

i.am+—i.am+ is a fashion and technology brand that makes aspirational garments and accessories with functionality and untethered communications.

InsideSales.com—InsideSales.com integrates core telephony features like Click-to-Call™ and Lead Management—powered by a predictive analytics engine—into any Salesforce1 mobile experience to make field reps more productive and accelerate sales.

Skuid—Skuid allows customers to quickly create powerful, gorgeous apps for any device without code.

“The Salesforce1 Fund will empower the most innovative startups in the industry to develop transformative technologies for salesforce.com’s customer platform,” said John Somorjai, EVP of Corporate Development and Strategy, salesforce.com. “Our commitment to helping the next generation of startups grow and give back to their communities has never been stronger.”

“The Salesforce1 Platform offers us a quick and easy way to seamlessly integrate our app into the Salesforce mobile experience,” said Dave Elkington, CEO and co-founder, InsideSales.com. “Customers have been clamoring for our solution and Salesforce Ventures’ funding and support will turbocharge our success.”

Read more about it on the Salesforce website.

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