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enterprisingness workflow direction platform ServiceNow on Wednesday denote its second AI - relate acquisition this year .
ServiceNowsaid that it has bless a definitive agreement to acquireData . World , a cloud - aboriginal data catalogue and data point governance program . Austin , Texas - base Data . World was base in 2015 and previously call forth more than $ 130 million in venture funding from firms such as Alumni Ventures , Prologis Ventures , and Shasta Ventures , according to Crunchbase .
The term of the deal were n’t disclosed . information . World was most of late appreciate at $ 350 million in the company’s$50 million Series C roundin 2022,per PitchBook .
Gaurav Rewari , an SVP and GM of data point analytics at ServiceNow , separate TechCrunch that ServiceNow was bet for society they could partner with that would help customers deploy AI at scale . Specifically , ServiceNow was looking to give business organization safe resourcefulness to make their data “ AI - ready . ”
“ As I like to say , this path to agentic ‘ AI heaven ’ cash in one’s chips through some form of data hell , and that ’s the grim reality , ” Rewari say .
He added that Data . World was the right choice to avail ServiceNow customers with this problem because Data . World serve endeavour organize and easily search through their data . The addition of Data . World ’s information governance putz will help customers get the most out of their AI agent and other forms of AI automation , Rewari said .
“ We looked at a bunch of companies and total aside so impressed with what they had build , ” he added . “ We feel that the whole journey that they were on , with respect to metadata direction [ and ] knowledge - base infrastructure , to provide cataloging of data across the vast enterprise and the governance of that data itself — that could be an extremely authoritative accession to our merchandise portfolio . ”
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Rewari said that once the good deal closes , Data . World will begin integrating into ServiceNow , with Data . World ’s political platform being pop the question as a mathematical product to ServiceNow customers in the near future .
It ’s ServiceNow ’s 2d acquisition in recent month .
ServiceNow herald in March that it agreed toacquire Moveworks , which develops enterprise - focused automation and AI tools , for $ 2.85 billion .
These skill all suit nicely into ServiceNow ’s plan to embrace agentic AI and the creature required to build it . In March 2024 , ServiceNow SVP of corporate stage business ontogenesis , Philip Kirk , told TechCrunch that ServiceNow was going to approach the transition to agentic AIthrough a mix of building and purchasing capabilities .
“ It is kind of three - dimensional chess game right now to project out whether to build , buy , or partner , ” Kirk said at the fourth dimension . “ I think the biggest thing that we test to prioritise is how we can make decisions that are in the tenacious - condition effective interest of our customers , and that differentiate us from what we know we ’re world - stratum at , which is enterprise automation in our platform . ”
Updated 10:09 a.m. PT : An former version of this article referred to Data . World as “ Declan . ” ServiceNow provided TechCrunch with a web log station that used this name , which a representative later on say is internal mathematical product language and should n’t have been published . We rue the error .
