salesforce-acquisition
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Salesforce Waited a Year, Saved Billions, and Bought the Plumbing AI Can’t Live Without
Informatica spent three decades cleaning up the mess behind corporate software. Salesforce walked away once, came back at $25 a share, and paid roughly $8 billion for the layer that keeps AI agents from confidently acting on bad data.
Jenkin Richard
Jenkin Richard is the co-founder and CEO of ChatLabs, an AI platform that turns social media traffic into personalized, on-brand shopping journeys for luxury and consumer brands. Incubated inside LVMH's innovation accelerator, ChatLabs raised a $3.2M seed round led by Silicon Road Ventures in December 2024 and counts LVMH houses like Dior and Tiffany, plus Kering, Richemont and Samsung among its partners. Before ChatLabs, Richard founded and served as CTO of the social commerce firm Chatly, which was acquired by Salesforce. He holds an MBA from MIT's Sloan School and an undergraduate degree from UC Berkeley.