Salesforce Ventures Takes On Artificial Intelligence With New Fund - Crunchbase

Salesforce Ventures recently announced its fourth investment fund, the Salesforce platform fund. Given Salesforce's critical market position in both SaaS and enterprise-facing software, what does the new fund mean for entrepreneurs seeking investment, and what could it tell us about Salesforce's broader ambitions? Under the umbrella of the venture sector is corporate venture capital (CVC). Oftentimes, CVC investments are deployed by large firms, such as Intel, in order to fund startups who are particularly innovative or will help propel the the parent company's strategic goals. The concept has also expanded to cash-rich incumbents like Slack, which uses its CVC investments to encourage developers to build on Slack's bot platform.