ServiceNow has agreed to acquire Data.World, a cloud-native data catalog and governance platform. This follows its recent purchase of Moveworks, an AI assistant provider. The acquisition aims to boost ServiceNow’s AI and data management capabilities. Financial terms of the deal were not disclosed.
Data.World Acquisition Details
Data.World, founded in 2015 in Austin, Texas, focuses on data cataloging and governance solutions. The company has raised over $130 million in venture funding.
Data.World’s expertise in metadata management will help ServiceNow enhance enterprise data organization. This assists customers in better data accessibility.
ServiceNow plans to integrate Data.World’s platform into its offerings after closing the acquisition. This integration supports AI deployment at scale.
Previously, Data.World was valued at $350 million during a major funding round in 2022. Investors include Alumni Ventures and Prologis Ventures.
Strategic Importance of the Acquisition
ServiceNow emphasizes making data “AI-ready” by solving data management challenges. Proper governance is critical for effective AI implementation.
S. Vice President Gaurav Rewari mentioned that organizing data is essential for successful AI agent deployment. He called the process “data hell” but crucial.
- Provides customers with advanced data cataloging tools
- Improves enterprise data search and governance
- Supports scaling of AI automation workflows
This acquisition follows ServiceNow’s $2.85 billion purchase of the AI assistant provider Moveworks.
Moveworks has over 500 AI experts and serves many Fortune 500 companies. The acquisition strengthens AI-driven workflow automation.
ServiceNow balances in-house development with acquisitions to build comprehensive AI solutions. This strategy aims to improve workflow automation effectively.
With Data.World, ServiceNow extends its portfolio to better assist enterprises in managing and governing their data assets.
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