TOKYO -- After years of passing Japan by, U.S. technology giants are seeking opportunities in the nation's fast-growing public cloud services market.
Salesforce said Wednesday that it has formed a $100 million fund through a venture capital investing entity of its Japanese unit to invest in emerging Japanese developers of cloud-based services. The value far exceeds its cumulative Japanese investment since first launching in the country in 2011, the California-based company said. The amount represents about 10% of its global spending of $1.2 billion.
