SAP Commits $1 Billion to Invest in Global Tech Startups
SAP SE is doubling down on its role as venture capitalist, committing another $1 billion to invest in startups and early stage venture firms. Through its Sapphire Ventures, SAP will plow $700 million into startups and $300 million indirectly via stakes in a dozen venture firms worldwide. The push by the enterprise software company is part of a large and growing movement by established companies to partner with startups early rather than compete against them when it’s too late
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