2018 was a great year at Salesforce Ventures as we completed a record 95 investments and celebrated 6 IPOs and 14 acquisitions.
We doubled down in a few areas where we had historically invested, including AI-enabled apps and industry verticals among them. We also invested more in emerging enterprises, including open source, AR/VR, and solutions for developers.
For the second year in a row, within the U.S. we’ve invested in more companies outside of California than within the state. In fact, globally, 75% of our investments in 2018 were outside of California. The Bay Area will always be a key market for us, but we’re also seeing so much tremendous growth in tech companies outside of Silicon Valley. It’s encouraging to see innovation continue across the globe, helping us reach our customers wherever they are.
We’re grateful for the opportunity we have to partner with founders who focus every day on solving problems for their customers through innovative technology. Thank you to our entire community, our Ohana — our portfolio company founders, their teams, our internal stakeholders and extended networks — for joining us as we build the world’s largest ecosystem of enterprise cloud companies.
Join us as we look back on 2018 and forward to 2019: