Salesforce Expands Defense Tech Portfolio with Rune Technologies Acquisition
Salesforce has announced its acquisition of Rune Technologies, a startup focused on AI logistics for the military, as part of its ongoing expansion into defense technology.
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Acquisition Details
Salesforce has reached an agreement to acquire Rune Technologies, a company specializing in AI software designed to assist the U.S. military in predicting supply needs and managing logistics from the field. This acquisition is valued at $375 million and highlights Salesforce's strategic move into the defense sector through its Missionforce unit, which caters to national security and defense agencies.
Growth and Future Plans
Since the launch of Missionforce, the unit has experienced significant growth, reportedly increasing its business by 80% year over year. This expansion has been bolstered by a substantial contract with the U.S. Army. By incorporating Rune's logistics data, Missionforce aims to enhance its capabilities beyond traditional administrative planning, directly supporting battlefield operations.
Background on Rune Technologies
Founded in 2024, Rune Technologies has attracted investment from notable firms, including Andreessen Horowitz and Point72 Ventures. The startup's last valuation was $127 million following a Series A funding round led by Human Capital. This acquisition is part of a broader trend, as Salesforce has been actively pursuing multiple acquisitions in recent months.
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