Salesforce Acquires Defense Tech Startup, Continuing Its Acquisition Spree

Deep News17:21

Software developed by Rune Technologies can help the military assess supply demand and handle other logistics operations. Salesforce announced on Friday that it will acquire defense tech startup Rune Technologies, expanding its Missionforce software suite aimed at the military.

According to industry media outlet Resilience Media, the deal is valued at $375 million, comprising cash and stock. The startup, founded just two years ago by two former Anduril Industries employees, sells supply demand forecasting software to organizations including the U.S. Marine Corps and the U.S. Army.

The company had previously raised $30 million in funding from investors including Andreessen Horowitz and Human Capital; reports say its post-money valuation in the last round was $134 million. This transaction is Salesforce's latest acquisition this year.

In September, it acquired AI customer service agent maker Fin. Last month, it announced plans to acquire listed marketing software company Braze for $5.7 billion; in September it also acquired user research firm Listen Labs.

In addition, Salesforce funded the acquisition of content management software maker Contentful and reached an agreement to acquire Israeli data analytics software company Loops.

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