On Wednesday, Enterprise Workflow Management Platform Servicenow announced its second AI -related acquisition this year.
Servicenow said it has signed a decisive contract to acquire Data.World, a cloud native data catalog and data governance platform. According to CRUNCHBASE, Texas -based data.world, currently called DECLAN, was established in 2015 by Austin World, now called Declan, and previously $ 130 million from companies including alumni ventures, prologis ventures and Shasta Ventures. I raised the above.
Trading conditions were not disclosed. DECLAN has been worth $ 350 million in the most recent PITCHOOK in the company’s 2022 $ 50 million series C round.
GAURAV rewari, SVP and GM data analysis GM of Servicenow, helped customers to expand AI because they are looking for a company that can partner relationships in TechCrunch. In particular, Servicenow tried to provide better resources to make data “AI-ready” to business.
“As I would like to say, Rewari, the way to the agent ‘AI HEAVEN’ is experiencing any form of data hell, which is a terrible reality.
He added that declan is the right choice to help DECLANs solve this problem because it helps declan helps enterprises organize and easily search data. Rewari adds DECLAN’s data governance tools to help customers make the most of the AI agent and other AI automation, Rewari said.
“We saw a lot of companies and impressed what they had built,” he added. “We thought that the entire travel we used in relation to the metadata management (and) knowledge -based infrastructure could be a very important addition to our product portfolio to provide a vast company and the data of the data itself as a catalog.”
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Rewari said once the transaction is over, DECLAN will be integrated into service, and DECLAN’s platform will be provided to Serviceenow customers as soon as possible.
In recent months, it is the second acquisition of Serviceenow.
Servicenow announced in March that it agreed to acquire MOVEWORKS, which develops corporate -centered automation and AI tools.
All of these arguments fit the plan of Serviceenow to accommodate the tools needed to build agent AI Wi. In March 2024, Philip KIRK told TechCrunch that the Servicenow SVP of corporate business development would approach the transition to agent AI by mixing building and purchasing functions.
Kirk said, “It is a chess of three -dimensional chess at that time.” The biggest thing we want to prioritize is the way we can make a decision for the long -term benefit of our customers, and we are a way of distinguishing us from what we know in the world -class AT, which is the enterprise automation of the platform. ”
