Updated 1:13 pm Pacific: A spokesman for SalesForce told TechCrunch that Moonhub has not actually been acquired (by the company definition). On the contrary, Moonhub closes only a few of the company teams – not the whole team, as Moonhub implied in its position on the news – will join Salesforce. Here is the original story.
Salesforce broke quietly Moona AI starting building to steal and hire talent. The terms of the agreement were not disclosed.
To one position On Moonhub’s website on Monday, the company said that the entire Menlo Park, based in California, California’s team will participate in SalesForce, an early investor at Moonhub.
“As a customer and investor, SalesForce has already played a role in Moonhub’s journey,” wrote Moonhub Nancy Xu CEO in place. ‘From our first conversations, this [was] Also, clear that our companies share deep basic values such as Trust Customer, along with a decisive belief in the role that AI agents will play to unlock a time of global innovation and opportunities. We are excited about the impact we will do together. ”
Salesforce is in a shopping spree. Just last week, the company completed the acquisition of Informatica, a company that provides data management solutions. And last month, Salesforce bought Convergence.Ai, an automation start, to enhance the former AI product offers.
Moonhub, founded in 2022 by XU, a former Meta engineer, sells a series of tools designed to help companies hire, evaluate and hire work candidates. Moonhub’s AI can automatically detect candidates for roles, approach and assist with work such as boarding and payroll management.
Moonhub increased $ 14.4 million from supporters such as Khosla Ventures, Aix Ventures, Day One Ventures and GV (formerly Google Ventures) in addition to SalesForce, According to Crunchbase. The company has hundreds of customers, including Fortune 500, per xu.
“With the participation of SalesForce, we accelerate our mission to this next chapter,” Xu continued in place. “Moonhub’s talented team will play a key role in promoting SalesForce’s AI strategy.”
SalesForce’s Moonhub market is on trend. Despite A decisively mixed reception Of work applicants, AI is increasingly used in hiring and other HR procedures. According to one Recent poll93% of Human Resources Fortune 500 officials have begun to incorporate AI tools and technologies to enhance their practices.
