Salesforce agreed to acquire Rune Technologies, an AI logistics startup, for $375 million in cash and stock. Rune builds software that helps the U.S. military predict supply needs and manage field operations—capabilities that address a gap in Missionforce, Salesforce's national security business unit.
Missionforce, launched last year, has grown 80 percent year-over-year, driven partly by a $5.6 billion, 10-year Army contract signed in 2024. That deal gave Salesforce a beachhead in military procurement. The Rune acquisition extends the unit's reach from administrative planning into operational logistics—closer to the actual battlefield and, critically, closer to mission-critical spend.
Rune was founded in 2024 and raised $30 million from backers including Andreessen Horowitz, Point72 Ventures, and IQT (the CIA-backed venture firm formerly known as In-Q-Tel). The startup's Series A valued it at $127 million, according to PitchBook. At $375 million, Salesforce is paying roughly three times that valuation—a premium justified by the install base it brings and the integration with an already-contracted military customer.
The deal is part of a broader M&A sprint. Salesforce also agreed to acquire Fin (the AI agent platform formerly known as Intercom) for $3.6 billion and completed the purchase of Qualified for $1.2 billion. The company separately signed an agreement to acquire Listen Labs, which had rejected a $125 million Series C term sheet valuing the startup at $1.5 billion.
