Salesforce has acquired Clipboard, a social bookmarking service that helps save rich Web content across devices, for a deal that is valued at over $10 million.
According to a report by All Things D, the deal is valued between $10 million to $20 million, although the actual price is still unknown.
Clipboard had raised about $2.5 million in seed funding from investors including Andreessen Horowitz, Index Ventures, CrunchFund, SV Angel and Betaworks. Sources say, while the deal was a successful outcome, it could also be attributed to today’s “Series A Crunch,” where raising additional money is a challenge.
Clipboard announced to its 140,000 users that the service would end on June 30 but users could download their data. Clipboard will shut down its tools and work towards adding similar functionality to Salesforce.
The Tech Panda takes a look at how India has been attracting foreign businesses from…
India’s digital payments ecosystem achieved a record high in March, with UPI transactions reaching INR24.77…
Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), ), a leader in IT services, consulting, and business…
The ability for AI to spread misinformation has been reaching hair-raising lengths, another and possibly…
Artificial Intelligence is everywhere now. It’s safe to say that organizations have either fully adopted…
With the rise of advanced AI models such as Grok AI developed by Elon Musk's…