Salesforce Co-Leads $3.2B HiBob Funding Round
CRM sits 76% above its 52-week low of $146.32.
Summary
Salesforce co-led a $3.2 billion funding round for HR software firm HiBob, investing alongside Farallon. This is a new corporate investment for Salesforce, expanding its footprint in the HR tech space. The Q2 revenue figure in the headline is a re-report of the blowout earnings already covered on August 26, but the HiBob deal is fresh news. The investment is modest relative to Salesforce's $212B market cap, but it signals continued appetite for strategic AI-adjacent acquisitions. Watch for further details on Salesforce's stake and strategic rationale.
At the time of this announcement, CRM was trading at $257.15 on NYSE in the Technology sector, with a market capitalization of approximately $212.4B. The 52-week trading range was $146.32 to $269.11. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.