The company was founded in 1999 by former Oracle executive Marc Benioff Marc Russell Benioff is an American Internet entrepreneur, author and philanthropist with a net worth of $6.4 billion as of December 2018. He is the founder, chairman and co-CEO of Salesforce, an enterprise cloud computing company. As of November 2018, he owned approximately $2.58 …Marc Benioff
How much funding has Salesforce raised?
Salesforce has raised a total of $65.4M in funding over 6 rounds. Their latest funding was raised on Jan 1, 2003 from a Venture - Series Unknown round. Which funding types raised the most money? How much funding has this organization raised over time? Salesforce is registered under the ticker NYSE:CRM .
Who is the founder of Salesforce?
The company was founded on February 3, 1999 by former Oracle executive Marc Benioff, together with Parker Harris, Dave Moellenhoff, and Frank Dominguez as a software as a service (SaaS) company, and was launched publicly between September and November 1999.
What is Salesforce and how does it work?
Today, Salesforce is the #1 CRM, bringing companies and customers together in the digital age. Founded in 1999, Salesforce enables companies of every size and industry to take advantage of powerful technologies — cloud, mobile, social, blockchain, voice, and artificial intelligence — to connect to their customers in a whole new way.
Who are Salesforce’s investors?
Salesforce is registered under the ticker NYSE:CRM . Their stock opened with $11.00 in its Jun 23, 2004 IPO. Salesforce is funded by 21 investors. Emergence and New Enterprise Associates are the most recent investors. Which investors participated in the most funding rounds?
See more
Is Salesforce a private or public company?
Public companySalesforce, Inc. is an American cloud-based software company headquartered in San Francisco, California....Salesforce.Salesforce Tower in San FranciscoTypePublic companyTraded asNYSE: CRM DJIA component S&P 100 component S&P 500 componentIndustryCloud computing Enterprise software ConsultingFoundedFebruary 3, 199915 more rows
Who founded Salesforce?
Marc BenioffParker HarrisSalesforce/Founders
What company did Salesforce buy?
Slack2021 saw the aftermath of Salesforce's acquisition of Slack, its largest buy to date. The following acquisitions show how Salesforce aims to connect its services in one ecosystem. When Salesforce acquired Slack in 2020, it planned to make the platform its operational backbone.
Is Salesforce part of big tech?
Big Tech salaries revealed: How much engineers, developers, and product managers make at companies including Apple, Amazon, Facebook, Google, Microsoft, Intel, Uber, IBM, and Salesforce.
How did Salesforce become so big?
Selling an easy-to-use product with a viral distribution model to an amenable market helped Salesforce achieve high capital efficiency. This allowed the company to keep investing back into their growth engine. These sales and marketing practices also fueled unusually high revenue growth.
Why is Salesforce so successful?
One of the reasons that Salesforce is so popular is that it is packed with features like no other CRM software; features such as contact management, workflow creation, task management, opportunity tracking, collaboration tools, customer engagement tools, analytics and an intuitive, mobile-ready dashboard.
Who are Salesforce competitors?
Competitors and Alternatives to SalesforceMicrosoft.Oracle.SAP.SugarCRM.Zoho.Sage.Zendesk.CRMNEXT.
Is Google going to buy Salesforce?
Acquiring Salesforce Google could acquire Salesforce and reach its goal to become the No. 2 cloud player by 2023, RBC said. According to a source who spoke with Business Insider in August, Kurian told employees Google Cloud has a five-year goal to become "at least the No.
Does Microsoft own Salesforce?
Microsoft Acquires Oracle, Salesforce, SAP Workflow Automation Startup.
Who is the richest tech company?
Apple Inc.The World's Largest Tech Companies In 2022RankNameMarket Value1Apple Inc.$2.6 trillion2Alphabet Inc.$1.6 trillion3Microsoft Corporation$2.1 trillion4Samsung Group$367.3 billion6 more rows•May 12, 2022
Is Salesforce in Silicon Valley?
CEO Marc Benioff has proven that he's not only a mega-dealmaker when it comes to buying high-priced cloud companies like Slack and Tableau, but has also turned Salesforce, with its hefty balance sheet, into a major force in Silicon Valley venture capital.
How prestigious is Salesforce?
Salesforce is honored to be ranked on the FORTUNE “100 Best Companies To Work For®” list for the thirteenth year in a row. FORTUNE ranked Salesforce at #2 this year.
Who is the CEO of Salesforce?
Download. Salesforce Chair & CEO, Marc Benioff, delivers the Dreamforce To You 2020 Keynote from Salesforce Park.
When is Salesforce's 22nd anniversary?
March 2021 marks the 22nd anniversary of Salesforce. The timeline below shows the history of Salesforce over the years. It captures some milestones along the way, illustrating our record of doing well while doing good.
Where is Dreamforce held?
The first Dreamforce event is held at the Westin St. Francis hotel in downtown San Francisco. Just over 1,000 registered attendees take part in the event, which has 52 presentations. sForce 2.0 — the industry’s first on-demand application service — is launched at the event.
Where is Salesforce based?
The company, based in the high-rise Salesforce Tower in San Francisco, reported revenues of $13.28 billion in 2019, making it one of the strongest financial producers in the global software sector. That’s a pretty big deal for a company that’s only been around a few decades. So how did Salesforce ( CRM) - Get Report get to the top ...
What is Salesforce model?
Salesforce Model – A “Single Idea”. Salesforce was founded in 1999 by Marc Benioff, a sales executive at Oracle, one of the largest software companies in the world. The company was founded on a single, bold premise – that software should be made available to the masses, on a 24/7 basis, over a global cloud computing infrastructure.
How much is Salesforce worth in 2020?
In 2020, Salesforce stands as one of the most prominent computer software companies the world, with a market cap of $156 billion and a one-year target consensus analyst estimate of $203 per share.
How much is cloud computing?
Cloud-based software is a huge industry right now with the global public cloud services sector pegged to grow by 17% in 2020, to a total of $266.4 billion, according to Gartner Inc . That’s up from $227.8 billion in 2019, Gartner reports. The largest component of the cloud computing industry is the software as a service (SaaS) sector, ...
Where was the first Dreamforce convention held?
Getting off the ground was a slow process, but the company turned the corner after its first-ever Dreamforce annual convention, held at the Westin Hotel in San Francisco in 2003, which attracted thousands of attendees.
Does Salesforce pay taxes?
Twelve years later, the company found trouble on the tax and cultural fronts. In 2019, Salesforce was cited as one of many Fortune 500 companies that paid an effective U.S. tax rate of 0% or less, even though it did so legally.
Is Salesforce the big dog?
That’s an impressive outlook for a company that was once dismissed as an “ant at the picnic.”. Instead, Salesforce is the big dog now, in a cloud computing landscape that it helped to create and has dominated in for the past two decades.
Who is the CEO of Salesforce?
None of this would have been possible without Salesforce’s visionary founder and CEO, Marc Benioff. Marc refers to the past a lot when talking about the founding of Salesforce, claiming that there were many aspects of his earlier years that shaped the Salesforce idea and its growth.
How many employees does Salesforce have?
Fast forward to today, and Salesforce has over 40,000 employees across the globe, and more than 1 million members in its ecosystem, including customers, partners, ISV’s, ...
Where did Benioff start Salesforce?
7. Telegraph Hill. Benioff founded Salesforce along with three others, in a small apartment 1 bedroom apartment atop Telegraph Hill in San Francisco. They used the closet as a server room. and were accompanied by posters of the Dalai Lama, Albert Einstein, and two dogs. 8.
What was Benioff's first piece of software?
The first piece of software he wrote on that computer from Radio Shack, was called “How to Juggle”. Benioff sold this for $75, a sign of things to come…. Source – Behind The Cloud, p20, Marc Benioff. 3. Liberty Software.
Funding
Salesforce has raised a total of $65.4M in funding over 6 rounds. Their latest funding was raised on Jan 1, 2003 from a Venture - Series Unknown round. Salesforce is registered under the ticker NYSE:CRM . Their stock opened with $11.00 in its Jun 23, 2004 IPO. Salesforce is funded by 21 investors.
Funding Rounds
Salesforce has raised a total of $65.4M in funding over 6 rounds. Their latest funding was raised on Jan 1, 2003 from a Venture - Series Unknown round.
IPO & Stock Price
Salesforce is registered under the ticker NYSE:CRM . Their stock opened with $11.00 in its Jun 23, 2004 IPO.
Investors
Salesforce is funded by 21 investors. Emergence and New Enterprise Associates are the most recent investors.
Funds Raised
Salesforce has raised a total of $100M in a single venture fund, Salesforce1 Fund. This fund was announced on Sep 8, 2014 and raised a total of $100M.
Investments
Salesforce has made 47 investments. Their most recent investment was on Jan 24, 2022, when Partnership for Los Angeles Schools raised $1M.
Diversity Investments
Salesforce has invested in Authy on Jan 24, 2022. This investment - Seed Round - Authy - was valued at $1M.
Where was Salesforce launched?
Salesforce launched at the Regency theater and had a surprise for all guests attending. They turned the lower level of the theater into a space that resembled Enterprise Software aka “Hell”, there were screaming salespeople actors in cages and games such as wacka-mole where the moles were other software companies.
What is Salesforce's biggest acquisition?
Salesforce were on a roll, setting records with some of their biggest acquisitions ever. In 2019 they followed suit and shocked everyone with their $15.7 Billion acquisition of Tableau, one of the world’s leading data visualisation and business intelligence companies.
How much did Salesforce buy Ohana?
In 2018, Salesforce made their biggest acquisition at the time, bringing Mulesoft into the Ohana for $6.5 Billion. This was over double their previous record when they acquired Demandware in 2016 for $2.8 Billion.
What is Salesforce a fish in a pond?
Salesforce stood for something very different, and compared to the behemoth of other industry giants, Salesforce were a tiny fish in a huge pond, they had to stand out. Salesforce launched at the Regency theater and had a surprise for all guests attending.
What is trailhead in Salesforce?
Trailhead is a fun (and free) way to learn Salesforce – an online platform provided by Salesforce that opens up access to learn about the technology and build a career in the industry. Anyone can create an account and learn, which has made Salesforce specific skills accessible for anyone.
Where was the first Dreamforce event held?
This new event was called Dreamforce, and instead of lasting for a few hours, it was held over a few days. The first Dreamforce was held in downtown San Francisco at a hotel called Westin St. Francis and had just over 1000 registered attendees coming to the event with 52 presentations.
Does Salesforce have Einstein Analytics?
This was interesting for a few reasons, but primarily because Salesforce already had an enterprise-grade solution for business intelligence, called Einstein Analytics. As data is quickly becoming one of a company’s most valuable assets, it’s imperative to be able to dissect this data to make informed decisions.
When was Salesforce founded?
Salesforce - Founder and History. The Salesforce founding date goes back to February 3, 1999 when former Oracle executive Marc Benioff, together with Parker Harris, Dave Moellenhoff, and Frank Dominguez as a software as a service (SaaS) company, and was launched publicly between September and November 1999.
What is Salesforce revenue generation?
The Salesforce revenue generation strategy is based on a subscription-based cloud service. Over 92% of Salesforce revenues come from four categories of cloud Customer Relationship Management services, that span from the sales cloud to marketing cloud.
What is Salesforce business model?
Salesforce is a leading provider of enterprise software, delivered through the cloud, with a focus on customer relationship management, or CRM. Salesforce introduced a first CRM solution in 2000.
Why is Salesforce important?
Salesforce's services allow businesses to use cloud technology to better connect with customers, partners and potential customers. The software has become the number one for customer success and helps businesses track customer activity, market to customers and many more services.
What is Salesforce's mission statement?
Salesforce's mission statement says, "Our mission is to help our customers transform themselves into customer companies by empowering them to connect with their customers in entirely new ways. To deliver our customers a carbon neutral cloud we went even further offsetting emissions throughout our data center supply chain."
When did Salesforce trademark social enterprise?
Attempt to trademark Social enterprise- In July 2012, Salesforce applied to trademark the term "social enterprise" in the United States, the European Union and Jamaica where the term was in widespread use to describe businesses with a primarily social purpose.
When was Oracle founded?
The company was founded on February 3, 1999 by former Oracle executive Marc Benioff, together with Parker Harris, Dave Moellenhoff, and Frank Dominguez as a software as a service (SaaS) company, and was launched publicly between September and November 1999.
What is Force.com?
Force.com is a platform as a service (PaaS) that allows developers to create multitenant add-on applications. Heroku is an app development platform. Salesforce was founded by Parker Harris and Marc Benioff in 1999 and is based in California, United States.
What is Salesforce's phone number?
Phone Number (800)667-6389. Salesforce is a global cloud computing company that provides business software on a subscription basis. It is best known for its on-demand customer relationship management (CRM) solutions.
22 Years of Salesforce News Highlights
1999
- In February, the Salesforce journey begins with a clear vision to be “A World-Class Internet Company for Sales Force Automation.”
- On March 8, Salesforce incorporates and Marc Benioff, Parker Harris, Frank Dominguez, and Dave Moellenhoff begin working on the first version of Salesforce’s CRM. Their base is a rented one-bedroom...
- In February, the Salesforce journey begins with a clear vision to be “A World-Class Internet Company for Sales Force Automation.”
- On March 8, Salesforce incorporates and Marc Benioff, Parker Harris, Frank Dominguez, and Dave Moellenhoff begin working on the first version of Salesforce’s CRM. Their base is a rented one-bedroom...
- As the four develop their prototype, they also build a distinctive startup culture. They only work on what they believe is important and necessary, to do it “fast, simple, and right the first time....
- The company also writes its first V2MOM(Vision, Values, Methods, Obstacles, and Measures) strategic plan, aiming to provide employees with a clear vision and align the organization around common go...
2000
- Like many other tech companies, Salesforce endured challenges brought on by the dot-com bubble bursting, and 20% of the company’s workforce was laid off.
- On February 7, salesforce.com officially launches at an event themed around “The End of Software” at San Francisco’s Regency Theater with 1,500 attendees and a concert with The B-52s.
- Like many other tech companies, Salesforce endured challenges brought on by the dot-com bubble bursting, and 20% of the company’s workforce was laid off.
- On February 7, salesforce.com officially launches at an event themed around “The End of Software” at San Francisco’s Regency Theater with 1,500 attendees and a concert with The B-52s.
- In March, Salesforce gets a boost from its first piece of major press coverage, in The Wall Street Journal, when it hires actors to stage a mock protest outside a Siebel Systems conference. The “pr...
- Salesforce.org launches the1-1-1 model, leveraging its technology, people, and resources to improve communities around the world.
2001
- In April, Salesforce announces its expansion into the worldwide marketplace with headquarters in Dublin and Tokyo.
- Salesforce surpasses 3,000 customers, making it the fastest-growing CRM company.
- In November, Benioff is named Chief Executive Officer and Chairman.
- Salesforce delivers $22.4 million in revenue for the fiscal year, ending January 31, 2002.
2002
- By end of the year, the company has 5,740 customers, 70,000 users in 107 countries accessing the service in multiple currencies and eight languages.
- Salesforce delivers $51 million in revenue for the fiscal year, ending January 31, 2003.
- Marc Benioff makes a prediction about the future of Salesforce, CRM, and business: “There were the leaders, but Oracle displaced them. The same thing is going to happen again. It’s th…
- By end of the year, the company has 5,740 customers, 70,000 users in 107 countries accessing the service in multiple currencies and eight languages.
- Salesforce delivers $51 million in revenue for the fiscal year, ending January 31, 2003.
- Marc Benioff makes a prediction about the future of Salesforce, CRM, and business: “There were the leaders, but Oracle displaced them. The same thing is going to happen again. It’s the beginning of...
2003
- The first Dreamforceevent is held at the Westin St. Francis hotel in downtown San Francisco. Just over 1,000 registered attendees take part in the event, which has 52 presentations.
- sForce 2.0 — the industry’s first on-demand application service — is launched at the event.
- The company’s employees number more than 400.
- It establishes a global presence, opening offices in Australia, France, Germany, Ireland, Japan…
- The first Dreamforceevent is held at the Westin St. Francis hotel in downtown San Francisco. Just over 1,000 registered attendees take part in the event, which has 52 presentations.
- sForce 2.0 — the industry’s first on-demand application service — is launched at the event.
- The company’s employees number more than 400.
- It establishes a global presence, opening offices in Australia, France, Germany, Ireland, Japan, Spain, and the U.K.
2004
- On June 23, Salesforce successfully completes its initial public offering on the New York Stock Exchange, raising $110 million at $11 per share.
- Salesforce earns $176 million in revenue over the fiscal year ending January 31, 2005.
- The company has 767 employees.
- The customer base has grown to 13,900.
2005
- In September, Salesforce introduces its AppExchangeservice, offering third-party developers a place to work on their own applications and open them up to Salesforce customers.
- By the end of the year, the company’s customer base stands at 20,500 worldwide, with nearly 400,000 unique users.
- The company surpasses 1,300 employees by end of fiscal year.
- In September, Salesforce introduces its AppExchangeservice, offering third-party developers a place to work on their own applications and open them up to Salesforce customers.
- By the end of the year, the company’s customer base stands at 20,500 worldwide, with nearly 400,000 unique users.
- The company surpasses 1,300 employees by end of fiscal year.
- It has earned $309.98 million in revenue for fiscal year ending January 31, 2006.
2006
- Salesforce’s mobile journey starts with the acquisition of wireless technology startup Sendia, and the original Salesforce mobile app, AppExchange Mobile.
- The AppExchange ecosystem grows into a vibrant marketplace with 575 apps from 250 independent software vendors.
- In a defining moment, Benioff shares his view that business is the greatest platform for chan…
- Salesforce’s mobile journey starts with the acquisition of wireless technology startup Sendia, and the original Salesforce mobile app, AppExchange Mobile.
- The AppExchange ecosystem grows into a vibrant marketplace with 575 apps from 250 independent software vendors.
- In a defining moment, Benioff shares his view that business is the greatest platform for change, publishing The Business of Changing the Worldwith essays by 20 other thought leaders.
- The Power of Us partner program launches, engaging Salesforce’s partners with the 1-1-1 philanthropy model.
2007
- IdeaExchange (nowTrailblazer Community) launches, inviting customers to contribute new feature ideas for future releases.
- At Dreamforce, plans for the Force.com technology platform are announced, which will allow developers to build applications on the Salesforce platform and create any user interface on demand.
- IdeaExchange (nowTrailblazer Community) launches, inviting customers to contribute new feature ideas for future releases.
- At Dreamforce, plans for the Force.com technology platform are announced, which will allow developers to build applications on the Salesforce platform and create any user interface on demand.
- Salesforce reports revenue of $748.7 million for the fiscal year ending January 31, 2008.
- Users exceed 1.1 million, from 41,000 customers across the globe.
Salesforce Model – A “Single Idea”
Growth of Salesforce
- After creating Salesforce in the usual Silicon Valley style - Benioff created the blueprint for his new company in his tiny Telegraph Hill apartment near downtown San Francisco – Benioff went to work. He did so with three business partners Parker Harris, Dave Moellenhoff and Frank Dominguez, with the original funding coming from Larry Ellison, CEO and founder of Oracle and …
Downbeat News
- Salesforce has had its share of growing pains – and bad news – throughout its 21 years in operation. In 2007, the company was victimized by an email phishing attack that led to cyber-thieves landing the contact information of Salesforce customers (a company salesperson had inadvertently provided a log-in password to a data fraudster.) Twelve years later, the company fo…
Going Forward
- In 2020, Salesforce stands as one of the most prominent computer software companies the world, with a market cap of $156 billion and a one-year target consensus analyst estimate of $203 per share. The company is widely cited by in-the-know investors as a major growth stock, with 91% of technology industry analysts tracked by FactSet.com calling CRM either a “buy” or “overw…