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Salesforce’s M&A spree continues with a reported $375M deal for defense tech startup Rune

CN
CitrixNews Staff
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Salesforce’s M&A spree continues with a reported $375M deal for defense tech startup Rune

Salesforce has agreed to acquire Rune Technologies, a startup that builds AI software to help the U.S. military predict supply needs and manage logistics from the field, for $375 million in cash and stock, Resilience Media reported.

The acquisition underscores Salesforce’s push into defense tech through Missionforce, its business unit serving national security and defense agencies. Since Missionforce launched last year, its business has grown 80% year over year, driven in part by a new 10-year, $5.6 billion contract with the U.S. Army, the company said in a blog post. By integrating Rune’s frontline logistics data, Missionforce will extend beyond back-office administrative planning to support battlefield operations.

Originally reported by TechCrunch. Read the full story at the original source.