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Salesforce, the Customer Success Platform, this week announced that Salesforce Ventures – the company’s global corporate investment group has allocated $100 million to invest in European startups to fuel cloud innovation and customer success in the region.

The Salesforce Ventures portfolio which includes innovative European cloud companies such as CartoDB, CloudSense, Cloud9 IDE, NewVoiceMedia, Qubit, Universal Avenue and YOUR SL will receive funding to help accelerate their growth and gain a competitive edge through access to the world’s largest cloud ecosystem and the guidance of Salesforce innovators and executives.

The global shift to the cloud has opened the door to new and exciting social, mobile and data science technologies, and has created unprecedented growth in cloud computing spending by companies across Europe and the new $100 million commitment will provide funding and support to the entrepreneurs driving this growth in Europe. Market analysts IDC forecast that Europe’s public cloud software market will grow almost 12 times faster than other IT segments to reach €33.3 billion by 2019.

“There is so much incredible innovation happening in Europe today and we want to empower the next generation of enterprise cloud startups in the region,” said John Somorjai, EVP of Corporate Development and Salesforce Ventures. “Our $100 million commitment strengthens our mission to help startups grow and give back to their communities.”

“This new commitment from Salesforce Ventures will stimulate the next generation of enterprise technology and grow the Salesforce ecosystem to drive even greater customer success in Europe,” said Miguel Milano, President, Salesforce EMEA.

“Salesforce Ventures provides not only the funding, network and introductions, but also the mentorship and framework to help companies understand how they can give back as they grow,” said Ruben Daniels, co-founder and CEO, Cloud9 IDE. “We are proud of our commitment to Pledge 1% and expand diversity in the technology industry by making the community a key stakeholder in our business.”

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