Salesforce Acquires Israeli AI Startup Doti for $100 Million After Company Raises Only $7 Million
Summary
Salesforce acquires one-year-old Israeli AI startup Doti for $100 million, delivering a massive 1,300% return on the company's modest $7 million in funding while strengthening Salesforce's enterprise AI capabilities with Doti's 'Organizational Brain' platform that helps companies access internal knowledge through workplace tools like Slack.
Key Points
- Salesforce acquires one-year-old Israeli startup Doti AI for an estimated $100 million, marking a significant return for a company that had raised only $7 million to date
- Doti AI develops a Work AI platform called 'Organizational Brain' that enables enterprises to securely access internal knowledge in real-time through tools like Slack
- The deal strengthens Salesforce's AI R&D center in Israel and will accelerate development of agent-based search and knowledge discovery tools for enterprise customers