Margaux MacColl / Resilience Media : Salesforce acquires Rune, which makes AI military logistics software, sources say for $375M in cash and stock; Rune raised $30m from a16z and others — Salesforce is acquiring defence tech startup Rune Technologies for $375 million in a combination of shares and cash, according to two sources familiar with the matter.
Salesforce acquires Rune, which makes AI military logistics software, sources say for $375M in cash and stock; Rune raised $30m from a16z and others (Margaux MacColl/Resilience Media)
In short
Salesforce has moved to purchase Rune Technologies in an acquisition valued at $375 million. The deal incorporates Rune's military logistics platform, which leverages artificial intelligence to manage complex defense operations. Prior to the buyout, Rune had secured $30 million in venture funding from firms including Andreessen Horowitz. The buyout marks a significant move to deepen enterprise capabilities within defense and government sectors.
Key points
- The acquisition allows Salesforce to expand its enterprise footprint into military defens…: The acquisition allows Salesforce to expand its enterprise footprint into military defense logistics.
- Backing from prominent venture firms helped position the startup for a high-value acquisi…: Backing from prominent venture firms helped position the startup for a high-value acquisition.
- Financial terms of the agreement establish a total company valuation of $375 million.: Financial terms of the agreement establish a total company valuation of $375 million.