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Our 2025 Year in Review is live 🚀
✅ 44 new investments
✅ 30 follow-on investments
✅ 20+ M&A exits
✅ $1B AI Fund fully deployed
✅ New focus areas in robotics, defense, & energy
Explore our full Year in Review: salesforceventures.com/sfv-2…
Announcing our investment in @arena's Series B 🎉
Benchmarks tell you what a model knows. Arena tells you how it actually performs. On Arena, real users compare anonymous model outputs and vote for the better one across text, coding, vision, image generation, and agentic tasks.
Labs use Arena's leaderboards to decide which models to train and ship. Builders use them to decide which to buy. The whole thing only works because no lab owns the scoreboard, and that neutrality has helped Arena carve out a crucial role in the AI ecosystem.
We're proud to back @ml_angelopoulos, @infwinston, @istoica05, and the Arena team. On our blog, @emilyyzhao, @nateho_, and @caroline_fiegel wrote more about our belief in Arena: salesforceventures.com/persp…
Salesforce Ventures retweeted
Arena has raised a $200M Series B at a $3.1B valuation.
We are using this momentum to evaluate agentic utility in real workflows from every economically valuable industry on Earth.
We seek to give everyone universal and frictionless access to the best intelligence. The @arena platform has 10s of millions of monthly users doing complex coding and agentic work tasks. We have gone way beyond human preference, and most of our tokens go to deep, single threaded workflows with dozens of turns where we can evaluate agents while humans are in their true flow state. And we make leaderboards by observing whether they get their jobs done. This is how benchmarks should be: representative of actual human value, so we incentivize AI to benefit humanity.
Today, we are releasing one of the most exciting developments in the history of our platform. The Arena Alignment Index. In observing how humans collaborate with agents, we have witnessed that in a surprisingly large fraction of cases, agents are attempting to deceive users or take unauthorized actions beyond what the user intended or permissioned. Agents are deleting files and lying to users about what they did or didn’t do. The longer conversations go, the higher the probability that an agent will violate alignment. The results are really striking; see the plot below. And because this represents in-the-wild usage, the probability that those of us reading this have experienced some form of misalignment from our agents is nearly 100%. And we may not even have noticed.
This is exactly why it’s important to have a neutral 3rd party that is evaluating AI alignment on the distribution of actual user-agent interactions. Arena is excited to step into that role.
We are also incredibly grateful for the incredible and experienced investors backing our vision. Our Series B is co-led by @lightspeedvp and @khoslaventures with participation from @SalesforceVC, @01Advisors, @DellTechCapital and @endvr_catalyst. This round includes support from our existing investors @a16z, @felicis, @amppublic, @QuantumLightVC, @thehousefund, and others.
Which brings me to the real headline: we're hiring, across ML, product engineering, design, marketing, BD, and more. If evaluation and alignment at the frontier is your thing, and you’re looking for an environment with exceptional research and engineering, come join us. Job board link in @arena’s bio and in the thread below
LFG (safely)!
Today, we're announcing our Series B: $200M at a $3.1B valuation, and the release of Arena's Alignment Index.
AI is advancing faster than our ability to evaluate it. The world needs a neutral third party to measure how safe and aligned AI actually is once it's in the hands of real people. That's the role Arena is stepping into today.
The Alignment Index is built from real-world agent traces, starting with three signals: Unauthorized Action, False Attribution, and Deceptive Completion, with results for over 20 frontier models launching today.
Hear more from our CEO @ml_angelopoulos below, and read the full breakdown, and more details about our company growth in thread.
This funding will allow us to go further on safety signals, agentic capabilities, and modalities. It will also allow us to grow the company to match the scale of our mission. Today, we’re still a nimble team of 90, and we're looking for people to join us across research, product, engineering, and more. Come build with us.
As AI gets more capable and autonomous, understanding how well it can safely and effectively work for people only matters more. That's what Arena is built to measure and advance.
Thank you to our community, our investors, and everyone building with us!
Take a look at our open roles if you want to join us (link in bio).
Announcing our investment in Flyle 🚀
Japanese enterprises collect millions of customer signals every day. Most of it never gets read.
Flyle is changing that. Their AI-native platform turns unstructured feedback (e.g., call logs, surveys, emails, social media engagements) into actionable intelligence at enterprise scale. Any team. No data science degree required.
We're proud to welcome Yuichi Takarabe, Akira Aiba, Toshiaki Arai, and the entire Flyle team to the Salesforce Ventures portfolio. The voice of the customer deserves to be heard.
🔗 On our blog today, Ken Asada and Sho Yamanaka, CPA wrote more about our investment in Flyle: salesforceventures.com/persp…
Salesforce Ventures is proud to invest in @numeral's $100M Series C 🚀
Most companies manage sales tax compliance the same way they did 20 years ago: expensive partners, manual filings, and software that still requires a team of specialists to operate.
Numeral automates the whole thing. Nexus monitoring, registration, filing, remittance, exemption certificates — across all 50 states and 90+ countries, end-to-end. Customers cut time spent on tax filings by up to 80% and reduce manual errors by up to 95%.
And Numeral puts its money where its mouth is: the company contractually covers penalties and interest for any errors on customer filings.
Sales tax software accounts for less than 10% of the $124B global market for indirect tax labor and services. The rest is still manual. It's an exciting opportunity, and we couldn't be prouder to partner with founders @SpamRoss, Matt DuVall, and the entire Numeral team!
🔗 On our website, @ZKokosa, @PaschaHao, and @katiessschwartz wrote more about our belief in Numeral: salesforceventures.com/persp…
Numeral has raised a $100M Series C, led by Insight Partners with participation from Salesforce Ventures, Benchmark, Mayfield, Uncork, Y Combinator, FCVC, and Geodesic.
This brings our total funding to $157M.
@numeral solves U.S. sales tax, VAT, and GST compliance for 3,500+ global businesses, trusted by companies like Supabase, Eight Sleep, and Graza.
We’re building the future of tax -- where AI agents, human expertise, and global compliance come together in one system.
Since starting the business in 2023, we’ve grown quickly across our core e-commerce and software segments, while expanding into new industries including manufacturing, distribution, and wholesale.
There is a lot of work in front of us. Sales tax is more dynamic than ever, with states like California implementing new taxes on software and more states using AI for enforcement.
We are hiring across the org from engineering to product, sales, and marketing. And we’ve just opened our new office in NYC. If you are looking for what’s next, I’d love for you to take a peek at our careers page.
Excited for the year ahead. And humbled to be working with investors like @insightpartners, @rebeccaliudoyle, @SalesforceVC, @katiessschwartz, @ZKokosa, @MayfieldFund, @SPangulur, @benchmark, @chetanp, @ycombinator, @gustaf, @uncorkcap, @susanwliu, @GeodesicCap, @arvindayyala, @FundersClub, @mittal, @mantisVC, @AlexPallNY, @ShaanVP, @lennysan, @moizali, @ringmybeller, @khency6, @asturnerr, @maariabajwa and so many others.
Exciting news in the world of AI infrastructure today, as our portfolio company @CrusoeAI announced a $3.9 billion dollar fundraise that values the business at nearly $31 billion 🚀
Our partner @ClaudineEmeott had the chance to sit down with Crusoe CEO @ChaseLochmiller recently to discuss how he thinks about the AI energy challenge and what he's building to address it.
On our blog today, we published some of our favorite takeaways from that conversation. Congratulations to Chase and the entire Crusoe team. We're proud to be partners on your journey 🤝
🔗 Read the article: salesforceventures.com/persp…
Announcing our investment in @caddi_pr's Series D 🚀
AI can design a part in minutes. Sourcing it still takes months. CADDi is closing that gap — a Manufacturing AI Data Platform that structures drawings, supplier data, and operational knowledge into a foundation both people and AI can act on.
Already trusted by Subaru, Kawasaki Heavy Industries, and leading U.S. manufacturers. We believe CADDi is building the category-defining AI platform for manufacturing, and we're excited to partner with founders Yushiro Kato, Akifumi Kobashi, and the entire CADDi team 🤝
🔗 On our blog, Ken Asada and Sho Yamanaka wrote more about our investment in CADDi: salesforceventures.com/persp…
#DF26 is here 🎆
For all founders and entrepreneurs headed to the world's largest AI and enterprise tech conference this week, we've put together the Salesforce Ventures Guide to Dreamforce to help you make the most of it.
Inside you'll find curated session picks for founders — including talks from portfolio execs at @Lovable, @linear, @resolveai, @Anthropic, @WeAreLegora, @CrusoeAI, and more — plus details on our exclusive hospitality lounge at the Four Seasons and exclusive event information 🤫
Dreamforce is huge: 1,600 sessions. 50+ keynotes. 240+ community events. Let our guide help you cut through the noise.
🔗 Download your copy here: salesforceventures.com/persp…
Congratulations are in order for @huggingface on the news of their intended acquisition by @nvidia for $12.9B — one of the largest acquisitions in open source history 🚀
In 2023, Salesforce Ventures led Hugging Face's Series D. Generative AI was barely a year into the public consciousness, and the open-vs-closed debate was fierce. We invested in Hugging Face because we believed an open ecosystem would keep AI fast, transparent, and trustworthy as it moved into sensitive industries. We saw Hugging Face as the GitHub for AI.
Three years later, the platform has grown from 1M repositories and 2M users to 18M+ developers sharing 3M+ models, 500k+ datasets, and 1M+ applications. More than 200k companies now rely on it to discover, evaluate, and deploy AI.
Congratulations to @ClementDelangue, @julien_c, @Thom_Wolf, and the entire Hugging Face team. Proud to have partnered with you since 2023, and can't wait to see what this next chapter brings.
🔗 On our blog, @RobwKeith, @emilyyzhao, and Samuel Ackah-Yensu wrote more about this acquisition and what it means for the AI ecosystem: salesforceventures.com/persp…
Exciting news: Vanguard has entered into a definitive agreement to acquire Salesforce Ventures portfolio company @altruist 🤝
We backed Altruist's Series F last year, and our conviction started with co-founder and CEO @jasonwenk. He's the kind of founder you meet once and know is different — a rare combination of 20+ years of domain expertise, genuine thought leadership in the RIA space, and a deep empathy and generosity towards the customers he serves.
Altruist also built something the market said was nearly impossible: a new custodian from scratch, breaking into an incumbent industry historically resistant to change. Then this February, its Hazel AI tax planning launch triggered a market shift in public wealth management stocks — a real signal of just how far ahead the platform had gotten.
Congratulations to Jason and the entire team Altruist. We're proud to have been part of your journey.
🔗 On our blog, @RobwKeith, @ZKokosa, and @PaschaHao wrote more about why this moment matters, and what it says about building durable moats in the age of AI: salesforceventures.com/persp…
Announcing our investment in @linear 🎉
AI has turned individual developers into force multipliers, capable of shipping in hours what once took weeks. The teams and systems that turn this new abundance of code into real organizational throughput will define the next generation of product development.
We believe Linear is one of the companies best positioned to own that opportunity. Linear’s opinionated data model and its early, deep investment in agent-native workflows puts it in a strong position to be the system of record for the AI-built software era, first for engineering teams and increasingly for the broader organizations they sit within.
We’re proud to partner with @karrisaarinen, @jorilallo, @artman and the entire Linear team as they build the operating layer for how software gets made.
🔗 On our blog, @RobwKeith and @caroline_fiegel shared more about our investment in Linear: salesforceventures.com/persp…
Today we're announcing our second employee tender offer.
We passed $100m ARR earlier this year and now have more than 40,000 paying customers.
The tender lets our teammates participate in that success at a $2.5B valuation:
linear.app/now/sharing-growt…
Salesforce Ventures retweeted
🦄 Delighted to announce @EmeraldAI_'s $150 million Series A round, valuing us at more than $1 billion with over $220 million raised to date! Read more in The New York Times: nytimes.com/2026/08/25/busin…
📢Read our full announcement: businesswire.com/news/home/2…
📺Watch our launch on CNBC Squawk Box: cnbc.com/video/2026/08/25/em…
🔗And dive deeper at our website: emeraldai.co/
⚡Emerald AI is transforming AI data centers into flexible grid allies to unlock 100+GW of power for AI while protecting energy affordability and reliability for local communities. After 18 months of demonstrations—across five data centers all over the world—we've entered our commercial scaling phase and are now deployed at multi-MW, full data center scale with customers spanning the world's biggest AI pioneers, global data center platforms, and leading power utilities. We're proud to collaborate with @NVIDIA, @Digitalrealty, @EPRINews, and others to launch the world's first power-flexible AI Factory—roughly 100MW in Manassas, Virginia—later this year, creating the blueprint for a new generation of flexible DSX AI infrastructure that will be good citizens to power grids and local communities. We're also honored to partner with @SantaClaraPower on the nation's first Flexible Load Interconnection Program (FLIP) to provide additional power capacity to flexible AI data centers.
🤝We are so grateful to our incredible consortium of investors, co-led by @EnergizeCapital and @DCVC, as well as to the extraordinary syndicate of leading global financial and strategic investors. Emerald now counts 12 Fortune 500 Global companies as our investors. Many thanks to Series A investors including @NVIDIA, @SamsungVentures, @aramcoventures, @Siemens, @SalesforceVC, @GEVernova, @RWE_AG, @jeraventures, @ADI_News Ventures, @SabanciHolding, In-Q-Tel, @radicalvcfund, @EnergyImpact_, @lowercarbon, Marunouchi Innovation Partners, @EmCollective, @johndoerr, The Olayan Group, The Temerty Group, @EarthshotVC, @collectiveGBL, General Catalyst's scout fund, and others.
🚀This funding will be instrumental as we rapidly scale commercially across the United States and around the world. Our vision is simple: secure larger and faster power connections for AI while making sure AI gives back to the communities that host it. At Emerald AI, we believe that the biggest new user of electricity—AI data centers—can also be the grid's greatest ally, and a boon for local communities by protecting energy affordability and reliability. Thank you to all of our customers, partners, investors, and our incredible team (grateful to the leadership team pictured below Ayse Coskun Mansi Shah Aroon Vijaykar Shayan Sengupta as well as to the whole fantastic team)—this has already been the journey of a lifetime, and we're just getting started
Salesforce Ventures retweeted
We have raised $150M in oversubscribed Series A funding at a $1B valuation to scale power-flexible AI data centers, and turn them into grid assets that will lower costs and increase reliability in their communities.
🔗nytimes.com/2026/08/25/busin…
Salesforce Ventures retweeted
📈 Standard Metrics 🇺🇸 (@metrics_co) raised $20M Series B, backed by Salesforce Ventures 🇯🇵 (@SalesforceVC).
Standard Metrics is a financial platform for startups and investors, founded in 2020.

ALT Standard Metrics is a financial platform for startups and investors, founded in 2020. It has raised $49.5M across 3 funding rounds, most recently a $20M Series B in August 2026, from investors including Spark Capital, Gaingels and Soma Capital. Standard Metrics has raised $20M in a Series B round, backed by Salesforce Ventures, announced 2026-08-24. Wealth & Investing · San Francisco, United States · founded 2020 · 126 employees · $49.5M raised to date. Seedtable Score 76 out of 100, built from last funding amount 58, funding recency 100, total funding 54, location 93, investor backing 100, team size and growth 50. Data via Seedtable — discover, score and track 105.1K startups.
We're proud to invest in @MuonSpace's Series C 🛰️
Satellite constellations have become essential infrastructure, powering mission-critical functions like wildfire detection, weather forecasting, and maritime monitoring. But the industry is currently comprised of legacy vendors who don't offer the speed or flexibility today's burgeoning space economy demands, or newer operators who can't handle everything end-to-end.
Enter Muon Space. With its vertically integrated Mission Foundry platform, Muon Space can design and build the spacecraft, payload, propulsion, and software, letting it move faster and more flexibly than legacy vendors while offering a more complete solution than newer providers.
Muon has launched 11 satellites to date with a 100% mission success rate, and counts Google the Earth Fire Alliance, Sierra Nevada Corporation, and the U.S. Space Force as customers.
We're thrilled to be partnering with @jonnydyer, Pascal Stang, Reuben Rohrschneider, Paul Day, and the entire Muon Space team as they build the backbone of the modern space economy.
🔗 On our website, @ClaudineEmeott, Adrianna Alterman, and @dpusateri0 shared more about our belief in Muon Space: salesforceventures.com/persp…
Announcing our investment in @resilire_tech 🚀
Japan's manufacturers operate some of the world's most complex supply chains. Yet most have no real-time visibility beyond their Tier 1 suppliers. Resilire fixes that with an AI-powered supply chain platform that maps supplier networks, monitors risk events in real time, and centralizes compliance reporting across the full supply chain.
Proud to back founder @yudaitsuda0301 and the Resilire team as they build the supply chain intelligence layer for Japanese manufacturing.
Ken Asada and Sho Yamanaka, CPA wrote more about our belief in Resilire in our latest blog post: salesforceventures.com/persp…
Today @Lovable raised a $400M Series C that values the business at over $13B.
One man who has had a front row seat to this remarkable journey is CFO Andy Toung.
“This team in Stockholm moves at a pace you’ve probably not seen before," Andy told our @nkkall in a recent interview.
In honor of Lovable's Series C, today we're sharing what Andy has learned from his time with the Lovable team about startup speed, velocity, and how AI is allowing teams to "catch all the rabbits."
🎉 Congrats to Andy, @antonosika, @FabianHedin, and the entire Lovable team on today's milestone. Salesforce Ventures is proud to be partnered with you on this journey.
salesforceventures.com/persp…
Salesforce Ventures retweeted
Lovable just raised $400M at a $13.3B valuation to build the business that helps build businesses.
Apps built on Lovable now get 900M visits every month, and we’ve quadrupled ARR in the last 12 months.
Since we started, Lovable has become the place where founders create million dollar businesses, business leaders spin up new product lines, and people inside companies rewire workflows and build tools that fit their exact needs, typically at a fraction of what software used to cost.
There’s a lot more to do.
We will create the most intuitive platform to build and run a business.
That means:
- Understanding what success looks like for you, then helping you achieve it. Not only ensuring your software works but also that you can attract customers, improve workflows, and grow your company.
- Deeper integrations that work with your existing tech stack so you can build the interface to your entire business across sales, ops, marketing, finance, etc.
- Becoming the safest platform to build and run your business on, which means secured code by default and that you get help to make safe decisions. As you build, the platform carries more of the security weight, spotting risks and helping you close them, so you can move fast without needing to become a security expert.
- Staying model-independent and orchestrating the best models for every task so you don’t have to. We’ll continue to absorb the complexity of evaluating and teaching models to route to the best ones in the background, to minimize cognitive load for our users.
As more people depend on Lovable, the quality standards our team is driving increase every single day.
We’re growing the team with people with a founder mindset: curious, ambitious, and who think end to end. Model training, product geniuses, infrastructure tinkerers, and security are the priority.
The world is full of ambitious people with deep knowledge of problems worth solving. Very few of them have historically had the power to act on them. Our ambition is to give people that power, and then help them achieve more than they thought possible.
Thank you to everyone who has followed along our journey. Thank you to @MenloVentures for leading, the Scaleup Europe Fund (managed by @eqt) for co-leading, and all of the new and returning investors who recognize our global ambitions and will help make them a reality.
We have made a lot of progress but we are nowhere close to done, it’s still day zero.
See our blog: lovable.dev/blog/series-c
Salesforce Ventures is proud to join @antoraenergy's Series C 🔋
Growing demand across AI infrastructure, heavy industry, and electric transport is bottlenecked by one thing: reliable, around-the-clock power. New gas plants and grid interconnections take 5-7 years to come online. The grid simply can't keep up.
Antora is building a new tool for the energy stack. Their thermal batteries store low-cost electricity as heat in solid carbon blocks — heated to more than 2,000°C — and release it around the clock as steam for industrial processes or electricity for data centers and the grid.
What makes Antora different: carbon is roughly a tenth the cost of lithium-ion battery materials, holds four times as much energy in the same space, and doesn't depend on the mined-mineral supply chains that constrain lithium-ion at scale.
The proof is already in the ground. Their first giga-scale deployment — a 5GWh system in South Dakota — went from an empty lot to delivering 24/7 energy to ethanol producer POET in under a year. That's one of the largest batteries in the world, deployed at a speed that almost no energy technology has matched.
We're proud to back Andrew Ponec, Justin Briggs, David Bierman, and the entire Antora team as they build the firm power infrastructure the AI era demands 🤝
🔗 On our blog, @ClaudineEmeott, Adrianna Alterman, and @dpusateri0 wrote more about our belief in Antora: salesforceventures.com/persp…












