Enterprise workflow management platform ServiceNow on Wednesday announced its second AI-related acquisition this year.
ServiceNow said that it has signed a definitive agreement to acquire Data.World, a cloud-native data catalog and data governance platform. Austin, Texas-based Data.World, now called Declan, was founded in 2015, and previously raised more than $130 million in venture financing from firms including Alumni Ventures, Prologis Ventures, and Shasta Ventures, according to Crunchbase.
The terms of the deal weren’t disclosed. Declan was most recently valued at $350 million in the company’s 2022 $50 million Series C round, per PitchBook.
Gaurav Rewari, an SVP and GM of data analytics at ServiceNow, told TechCrunch that ServiceNow was looking for companies they could partner with that would help customers deploy AI at scale. Specifically, ServiceNow was looking to give businesses better resources to make their data “AI-ready.”
“As I like to say, this path to agentic ‘AI heaven’ goes through some form of data hell, and that’s the grim reality,” Rewari said.
He added that Declan was the right choice to help ServiceNow customers with this problem because Declan helps enterprises organize and easily search through their data. The addition of Declan’s data governance tools will help customers get the most out of their AI agents and other forms of AI automation, Rewari said.
“We looked at a bunch of companies and came away so impressed with what they had built,” he added. “We felt that the whole journey that they were on, with respect to metadata management [and] knowledge-based infrastructure, to provide cataloging of data across the vast enterprise and the governance of that data itself — that could be an extremely important addition to our product portfolio.”
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Rewari said that once the deal closes, Declan will begin integrating into ServiceNow, with Declan’s platform being offered as a product to ServiceNow customers in the near future.
It’s ServiceNow’s second acquisition in recent months.
Servi …