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The Venture Codex

Salesforce

415 Mission Street, 3rd Floor, San Francisco, CA, 94105, United States

Overview

Salesforce is a cloud-based software company that provides customer relationship management software and applications. It is a cloud computing company that provides business software on a subscription basis. They design and develop cloud-based enterprise software for customer relationship management. They focused on sales, customer service, marketing automation, e-commerce, analytics, and application development.

Total investments
32
Lead investments
5
Investments · 12mo
2
Active investors
11

Sector focus

  • Artificial Intelligence (AI)
  • Cloud Computing
  • CRM
  • SaaS
  • Sales Enablement
  • Software
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Investment portfolio

  • SPREAD AI

    Participated · Series B · Apr 2026

    SPREAD AI provides an AI-native data foundation that connects structured and unstructured product and engineering data across design, production, and operations to create "Product Twins." Its platform helps engineering, sales, and service teams understand dependencies, assess trade-offs, and make faster decisions, and the company says customers have seen faster development cycles, improved troubleshooting times, and cost savings. SPREAD works with global manufacturers in sectors including automotive, aerospace and defence, and industrial equipment. The company has deepened a commercial and technical collaboration with Salesforce to combine its product data capabilities with Salesforce Customer 360. Following the $30 million Series B, SPREAD plans to invest the proceeds in platform enhancements and international expansion. The raise combines strategic investors, returning VCs, and an angel participant to support the firm's growth objectives.

  • ElevenLabs

    Participated · Series D · Feb 2026

    ElevenLabs builds AI voice models and provides voice-as-a-service offerings aimed at enterprise customers, including multilingual automation and in-network AI agent use cases. The company has secured enterprise contracts with customers such as Deutsche Telekom, Revolut, and Klarna. ElevenLabs reported rapid revenue growth, ending last year with nearly $350 million in ARR, adding $100 million in net new ARR in Q1 2026 to reach roughly $450 million, and later surpassing $500 million in ARR. Its valuation climbed from $6.6 billion in September to $11 billion in February. The startup recently acquired the team from Polish voice AI startup Papla to bolster its research capabilities. It has also completed a $100 million tender and is enabling retail investment via Robinhood Ventures as part of its fundraising activity.

  • Genesys

    Led · Equity · Jul 2025

    Genesys builds the Genesys Cloud AI‑Powered Experience Orchestration platform, offering agentic, conversational, generative and predictive AI capabilities to orchestrate customer journeys across channels. The platform is designed to increase customer loyalty and employee productivity, drive revenue growth and reduce operating costs through more autonomous and personalized CX. Genesys serves more than 8,000 organizations in over 100 countries. The company reported nearly $2.1 billion in annual recurring revenue (ARR) in the first quarter of fiscal 2026 (Feb. 1–Apr. 30, 2025), with year‑over‑year growth above 35% and average quarterly net revenue retention exceeding 120% for the last four fiscal quarters. Hellman & Friedman and Permira remain the company’s majority equity owners. Recent investment commitments from Salesforce and ServiceNow are intended to accelerate agentic AI orchestration and deepen global partnerships. Genesys provides a cloud-based customer experience orchestration platform that enables organizations to deliver proactive, predictive, and hyper-personalized experiences across marketing, sales, and service channels. Led by CEO Tony Bates, the company has introduced a multicloud architecture, released a new workforce engagement solution and launched Genesys DX, a conversational AI and digital experience product. Genesys has delivered several hundred platform innovations and made acquisitions to enhance its AI and experience orchestration capabilities. The company has also rolled out initiatives for system integrators, channel partners, technology partners and independent consultants to integrate them into its ecosystem. Nearly 7,000 organizations worldwide — including 17 of the top 20 Fortune 500 companies — use the Genesys platform. The business recently raised $580M at a $21 billion valuation to accelerate its leadership in the Experience as a Service market globally.

  • Ellipsis Health

    Led · Series A · Jun 2025

    Ellipsis Health is a San Francisco, CA–based AI healthcare technology company that developed Sage, an emotionally intelligent AI voice agent for care management and behavioral health monitoring. Sage is powered by the company’s patented Empathy Engine and is designed to expand provider capacity, streamline workflows, and elevate patient engagement. The company serves leading healthcare providers and payers, focusing on patients with complex physical, behavioral, and social needs that drive the majority of healthcare costs. Ellipsis plans to use new funding to accelerate Sage adoption across healthcare providers, payers, and care management organizations, enhance its AI capabilities, and deepen integration with clinical systems. The company was founded and is led by CEO Mainul Mondal. Financially, Ellipsis has secured a $45M Series A to support these product and go-to-market initiatives. Ellipsis Health, based in San Francisco, develops an AI-powered speech-based vital sign to quantify and manage stress, depression, and anxiety at scale. Its integrated behavioral health solution uses machine-learning algorithms and cloud-based deep learning models to assess patient speech and generate automated assessments for clinical decision support. The company helps healthcare providers and payers identify and stratify patient populations. Ellipsis intends to use the new funding to grow its customer base, expand global partnerships, build a multidisciplinary team, and continue research and development of voice-based technology. It also plans to expand its voice vital sign to address the mental health of children and adolescents. Financially, the company raised a $26M Series A that brought total funding to $31M.

  • Darwinbox

    Participated · Equity · Mar 2025

    Darwinbox offers a cloud-based, AI-powered full-stack Human Capital Management (HCM) platform that caters to an organization's HR needs across the entire employee lifecycle. The company is investing in agentic-AI innovation and became the first HCM platform to support the Model Context Protocol (MCP), enabling AI agents to interact securely with Darwinbox. Darwinbox reports powering HR for more than 1,000 enterprises and over 4 million employees across 130 countries and has grown threefold year-on-year since entering the North American market. It is expanding globally with a growing footprint in the US, Southeast Asia, and MENA and intends to accelerate North American expansion. The platform is lauded by Gartner and Forrester, recognized on Gartner’s Magic Quadrant for Cloud HCM Suites and named a Customer’s Choice HCM in Gartner Peer Insights for the fourth year. The company was founded in 2015. Darwinbox is a SaaS platform that handles hiring, onboarding and employee administration including payroll, expenses, time off and related HR functions. The company was founded in 2015 in India by Jayant Paleti, Rohit Chennamaneni and Chaitanya Peddi. It serves more than 1,000 enterprise customers and manages employee administration for over 3 million people, targeting mid-market companies with 3,000+ employees. About 60% of Darwinbox’s revenue now comes from outside India and the U.S. is the startup’s fastest-growing market; founder Jayant Paleti relocated to Texas to focus on that expansion. The product roadmap includes significantly more AI to power holistic HR services, leveraging its position as a system of record. Darwinbox positions itself as an all-in-one HR platform competing with incumbents and newer global players. Darwinbox offers a cloud-based, mobile-first human resources management (HRMS) SaaS platform that manages the full hire-to-retire employee lifecycle and leverages AI and machine learning. Its platform is used by large conglomerates and fast-growing technology companies. The company serves over 700 enterprises in more than 90 countries; company materials also state it serves over 650 organizations and 1.5M employees across 90+ countries. Darwinbox has close to 1,000 employees and was looking to hire about 500 more globally over the following year. Financially, the SaaS firm has raised over $115 million to date. It mainly operates in Asian markets and is reportedly planning to go public in about three years. Darwinbox operates a cloud-based human resource management platform that manages the entire "hiring to retiring" cycle for employees. Its full-stack offering includes an employee social network and an AI assistant for tasks like applying for leave and setting up meetings via voice commands. Hundreds of firms, including Starbucks, Domino’s, Swiggy, Tokopedia, Zilingo and Kotak, use the platform for onboarding, performance visibility and attrition monitoring. The startup said its revenue doubled last year and grew three times in Southeast Asia, which now accounts for about 20% of overall revenue. Darwinbox was featured on Gartner’s Magic Quadrant for enterprise Cloud HCM and reports that a third of its customers previously used Oracle, SAP or Workday. It plans to use new funding to expand the team, accelerate global expansion, broaden product offerings and pursue mergers or acquisitions to add plug-and-play HR solutions. Darwinbox offers a modern employee management / human capital management platform for enterprises. Founded in 2015, it has gained high traction in the enterprise segment and competes with legacy cloud players such as SAP and Oracle. The company saw a surge in adoption during the COVID-19 pandemic and reports that revenues have grown more than four-fold since its last funding round. Customers include Adani, Mahindra, Kotak, TVS, Arvind, NSE, Ujjivan Small Finance Bank, Bharti AXA, Dr. Reddy’s, Nivea, Puma, T-Systems, Swiggy, Bigbasket, and Delhivery. Darwinbox had capital on its balance sheet and was not actively seeking an investor, but highlighted the strategic value of partnering with Salesforce. The company plans to work with Salesforce to maximize customer value, continue building out its product stack, accelerate global expansion, and invest in deep tech and data analytics capabilities.

Team

  • Marc Benioff

    Chair and CEO

    LinkedIn
  • Parker Harris

    Co-Founder, EVP Technology

    LinkedIn
  • Halsey Minor

    Co-Founder, Board Member and Investor

    LinkedIn
  • Max Comparetto

    Co-founder, Salesforce Web3 Studio

    LinkedIn