Marc Benioff, CEO of Salesforce.com, speaks during a keynote at the Dreamforce 2023 conference in San Francisco on Sept. 12, 2023.
Salesforce announced Thursday that it would pay $1.9 billion in cash for Own Co., a startup specializing in tools for backing up data in cloud-based applications.
The startup, formerly known as OwnBackup, was valued at $3.35 billion in a 2021 funding round.
Salesforce Ventures, the cloud software company's venture arm, invested in that round and earlier ones.
WATCH: Salesforce CEO Marc Benioff goes one-on-one with Jim Cramer
Persons:
Marc Benioff, Salesforce, MuleSoft, Benioff, we've, Jim Cramer
Organizations:
Salesforce.com, Own Co, Salesforce Ventures, Salesforce, Covid, Microsoft's Dynamics, Informatica
Locations:
San Francisco, Salesforce, Central