Venture Name: Headquartered in San Francisco, California, Salesforce, Inc. is an American company specializing in cloud-based software. Its offerings include customer relationship management (CRM) software and applications that cater to sales, customer service, marketing automation, e-commerce, analytics, and application development.
Established in February 1999 by former Oracle executive Marc Benioff, Salesforce experienced rapid growth and went public in 2004. By September 2022, it had become the 61st largest company globally by market capitalization, valued at almost US$153 billion. In 2022, it became the world’s largest enterprise software firm. According to the 2023 Fortune 500 edition, Salesforce secured the 491st position, generating $31,352 million in revenues. Additionally, since 2020, Salesforce has been a constituent of the Dow Jones Industrial Average.
Short Bio :
Born on September 25, 1964, Marc Russell Benioff is an American internet entrepreneur and philanthropist renowned for co-founding, chairing, and serving as the CEO of Salesforce, a prominent software company. Additionally, he has owned Time magazine since 2018.
In high school, Benioff sold his first app, “How to Juggle,” for $75. At 15, he founded Liberty Software, creating games like Flapper and King Arthur’s Heir for Atari. The royalties helped him pay for college. During an internship at Apple, he wrote code for the Macintosh. Joining Oracle after college, Benioff worked there for 13 years, earning titles like Rookie of the Year and Vice President.
In 1999, Benioff founded Salesforce in a San Francisco apartment with a mission to replace traditional software. He expanded Salesforce in the early 2000s, introducing a platform for developers.
Reflection: As Salesforce’s co-founder and CEO, Marc Benioff recognizes AI’s enduring positive impact on business. He actively advocates for its application, viewing AI as an evolving domain that enhances operational efficiency. However, he emphasizes the need for thorough research and an ethical framework before implementing AI, focusing on human-centric use to address challenges and reshape the workforce without compromising quality.
References
https://en.wikipedia.org/wiki/Salesforce
https://en.wikipedia.org/wiki/Marc_Benioff