Updated 1:13 p.m. Pacific: A Salesforce spokesperson told TechCrunch that Moonhub has not, in fact, been acquired (by the company\u2019s definition of the term). Rather, Moonhub is shutting down, and only some of the company\u2019s team \u2014 not the whole team, as MoonHub implied in its post about the news \u2014 will be joining Salesforce. The original story follows.<\/p>\n
Salesforce has quietly snapped up Moonhub<\/a>, a startup building AI to vet and hire talent. The terms of the deal weren\u2019t disclosed.<\/p>\n In a post<\/a> on Moonhub\u2019s website on Monday, the company said that its entire Menlo Park, California-based team will be joining Salesforce, an early investor in Moonhub.<\/p>\n \u201cAs a customer and investor, Salesforce has already played a role in Moonhub\u2019s journey,\u201d wrote Moonhub CEO Nancy Xu in the post. \u201cFrom our earliest conversations, it [was] also clear that our companies share deep core values like customer trust, along with a resolute conviction in the role AI agents will play in unlocking an era of global innovation and opportunity. We are excited for the impact we will make together.\u201d<\/p>\n Salesforce is on a shopping spree. Just last week, the company completed<\/a> its $8 billion acquisition of Informatica, a company providing data management solutions. And last month, Salesforce bought Convergence.ai, an automation startup, to bolster the former\u2019s AI product offerings. <\/p>\n Moonhub, which was founded in 2022 by Xu, an ex-Meta engineer, sells a range of tools designed to help companies recruit, evaluate, and hire job candidates. Moonhub\u2019s AI can automatically identify candidates for roles, reaching out and assisting with tasks such as onboarding and payroll management. <\/p>\n Moonhub raised $14.4 million from backers including Khosla Ventures, AIX Ventures, Day One Ventures, and GV (formerly Google Ventures) in addition to Salesforce, according to Crunchbase<\/a>. The company has hundreds of customers, including Fortune 500 companies, per Xu.<\/p>\n \u201cBy joining Salesforce, we are accelerating our mission in this next chapter,\u201d Xu continued in her post. \u201cMoonhub\u2019s talented team will play a key role in advancing Salesforce\u2019s AI strategy.\u201d<\/p>\n Salesforce\u2019s Moonhub purchase is on trend. Despite a decidedly mixed reception<\/a> from job seekers, AI is increasingly being used in hiring and other HR processes. According to a recent Gallup poll<\/a>, 93% of Fortune 500 chief human resource officers have begun integrating AI tools and technologies to enhance their practices.<\/p>\n","protected":false},"excerpt":{"rendered":"Updated 1:13 p.m. Pacific: A Salesforce spokesperson told TechCrunch that Moonhub has not, in fact, been acquired (by…\n","protected":false},"author":2,"featured_media":153757,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3163],"tags":[65441,323,1942,65442,9864,53,16,15],"class_list":{"0":"post-153756","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-acqui-hires","9":"tag-ai","10":"tag-artificial-intelligence","11":"tag-moonhub","12":"tag-salesforce","13":"tag-technology","14":"tag-uk","15":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114617270432957806","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/153756","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=153756"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/153756\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/153757"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=153756"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=153756"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=153756"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}