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.
Does AI need to be reined in? Will putting regulations on AI curb the progress…
By definition of the Merriam-Webster dictionary, ‘technology’ means ‘the practical application of knowledge especially in…
This is the second-last edition of this year's "Tech, What the Heck!?" newsletter. To commemorate…
Imagine you’re a fish who’s given up on the idea that a fishing net is…
The intersection of opportunity and vulnerability has never been more pronounced in today’s era where…
Although Europe’s tech sector has helped to deliver solutions that span the breadth from fintech…
