Servicenow acquires data

Enterprise Workflow Management Platform Servicenow on Wednesday announced the second takeover of AI this yr.

Service He said he had signed a final contract for the acquisition Data.WorldData catalog platform in the cloud and data management platform. Data based in Austin, Texas. The world was founded in 2015, and earlier collected over $ 130 million dollars of financing a project from corporations reminiscent of alumni Ventures, Prologis Ventures and Shasta Ventures, According to Crunchbase.

The terms of the contract have not been disclosed. Data at Pitchbook.

Gaurav Rewari, SVP and GM data evaluation in Servicenov, told Techcrunch that Servicenov is looking for corporations with whom they may cooperate, which might help clients implement artificial intelligence on a large scale. In particular, Servicenow wanted to present corporations higher resources so that their data was “ready for AI”.

“As I like to speak, this path to the agency” Heaven AI “goes through some form of data, and this is a gloomy reality,” said Rewari.

He added that Data.world was the right selection to assist customers Servicenov in this problem, because Data.world helps enterprises organize and easily search their data. The addition of data to the data management tool for data will help customers use their AI agents and other types of AI automation, said Rewari.

“We looked at a group of companies and we were so impressed with what they built,” he added. “We felt that the whole journey on which they were located in relation to metadata management [and] Knowledge-based infrastructure to provide a data catalog in a vast enterprise and managing the data themselves-this can be an extremely important addition to our product portfolio. “

Rewari said that after closing the Data.World contract, the Servicee will integrate and the Data.World platform is offered as a product for Servicenov customers in the near future.

This is the second takeover of Services in recent months.

Servicenow announced in March that he agreed to take over Moveworks, which develops automation and AI tools, for $ 2.85 billion.

All these acquisitions nicely fit into the Servicenow plan to simply accept agency artificial intelligence and the tools required to build it. In March 2024, Servicenow SVP for corporate business development, Philip Kirk, told Techcrunch that Servicenov intends to approach the agency artificial intelligence by combining the possibility of building and purchasing.

“At the moment it is a bit of three-dimensional shah to find out whether to build, buy or a partner,” said Kirk. “I think that the biggest thing we try to determine priorities is how we can make decisions that are in the best interest of our clients, and distinguish us from what we know that we are world -class, which is corporate automation on our platform.”