News Summary

ServiceNow, an enterprise workflow management platform, has announced its acquisition of Data.World, a cloud-native data catalog and data governance platform based in Austin, Texas. This marks the company’s second AI-related acquisition of the year, following their acquisition of Moveworks in March for $2.85 billion. Data.World was founded in 2015 and has raised over $130 million in venture financing. The acquisition aims to bolster ServiceNow’s capabilities in helping enterprises organize and manage their data to be AI-ready, thus enhancing their AI automation tools. Gaurav Rewari, ServiceNow’s SVP and GM of data analytics, highlighted the importance of Data.World’s metadata management and data governance tools in providing AI-ready solutions to customers. Once the deal is finalized, Data.World’s platform will be integrated into ServiceNow’s offerings.