ServiceNow to acquire agentic AI platform Moveworks in $2.9B deal
ServiceNow will pay $2.85 billion for Moveworks, payable in a combination of cash and stock. The arrangement is expected to close during the second half of 2025 subject to regulatory approval and other conditions. After a 2021 $200 million funding round co-led by Tiger Global and Alkeon Capital, Moveworks was valued at $2.1 billion.
ServiceNow To Buy Moveworks In Bet On Enterprise Agentic AI
ServiceNow, which has been on the leading edge of bringing agentic AI to enterprise users via its ServiceNow Now platform, is advancing its capabilities with its planned $2.85 billion acquisition of Moveworks, which develops front-end AI assistant and enterprise search technology.
ServiceNow to Buy AI Firm Moveworks for $2.9 Billion to Tap New Customers
The cash and stock deal for privately-owned Moveworks comes as enterprises are increasingly adopting AI and investing in automating their IT operations to improve productivity. Moveworks, which offers agentic AI solutions to assist clients,
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