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Salesforce Makes Another Bet on E-Commerce

February 5th, 2015

Hoping to extend its presence in e-commerce, Salesforce has invested millions of dollars in SteelBrick — the cloud software giant’s second bet on the fast-growing Configure Price Quote (CPQ) market this week.

SteelBrick said today San Francisco-based Salesforce joined its $18 million Series B funding round, which was led by Shasta VenturesEmergence Capital and company managers also participated in the round.

SteelBrick CEO Godard Abel told CMSWire the investment shows that Salesforce is moving beyond its traditional customer relationship management (CRM) functions.