ServiceNow

ServiceNow

Cloud-based platform for digital workflows

About ServiceNow

Simplify's Rating
Why ServiceNow is rated
A-
Rated A on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

Consulting

Consumer Software

Enterprise Software

Company Size

10,001+

Company Stage

IPO

Headquarters

Santa Clara, California

Founded

2004

Overview

ServiceNow offers a cloud-based platform that helps businesses automate and manage their operations, improving efficiency and enhancing customer and employee experiences. The Now Platform includes applications for IT operations, customer service, human resources, and security operations, all accessible over the internet. Targeting large enterprises across various industries, ServiceNow operates on a software-as-a-service (SaaS) model, generating revenue through subscription fees and professional services. The company's goal is to streamline business processes and drive digital transformation for its clients.

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Simplify's Take

What believers are saying

  • ServiceNow's acquisition of Moveworks enhances its AI capabilities in enterprise search and assistants.
  • The Yokohama release introduces AI agents across CRM, HR, IT, and other functions.
  • Growing demand for AI-driven solutions supports ServiceNow's focus on AI enhancements.

What critics are saying

  • Integration challenges with Moveworks could lead to operational inefficiencies and customer dissatisfaction.
  • Increased competition from AI-focused startups may challenge ServiceNow's market position.
  • Rapid AI technology development may render ServiceNow's offerings obsolete if not updated.

What makes ServiceNow unique

  • ServiceNow's Now Platform offers comprehensive digital workflow automation across multiple business functions.
  • The company focuses on AI-driven solutions, enhancing customer and employee experiences.
  • ServiceNow's SaaS model provides clients with easy access and regular software updates.

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Funding

Total Funding

$81.5M

Above

Industry Average

Funded Over

4 Rounds

Notable Investors:
IPO funding comparison data is currently unavailable. We're working to provide this information soon!
IPO Funding Comparison
Coming Soon

Benefits

Generous family leave

Flexible PTO

Matched Donations

Retirement benefits

Annual learning stipends

Paid volunteer time

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
TechTarget
Mar 13th, 2025
ServiceNow Acquires Moveworks for $2.85B

ServiceNow has made significant strides in agentic AI with two major acquisitions: Cuein and Moveworks, the latter for $2.85 billion. These moves aim to enhance ServiceNow's AI capabilities, particularly in building front-end AI assistants and enterprise search. Despite being a leader in IT operations, agentic AI adoption is still emerging, with only 10% of large enterprises having deployed AI agents. ServiceNow's challenge is to deliver ROI on its AI investments.

VentureBeat
Mar 12th, 2025
Servicenow Expands Ai Offerings With Pre-Built Agents, Targeting Broader Enterprise Adoption

Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More. ServiceNow believes that more areas within an enterprise can benefit from agents, and as it upgrades its agent platform and makes acquisitions, the company plans on doubling down on agents even more. ServiceNow announced the acquisition of Moveworks on Tuesday along with new agent capabilities. It also made its orchestration platform generally available and announced plans to integrate agentic enterprise search. Amit Zavery, ServiceNow CPO, told VentureBeat that the company sees a lot of potential in the infrastructure around AI. “There are a lot of things to do in this space and [this new] release has a lot of capabilities around AI agents,” said Zavery. “It’s core elements of a platform, and that’s something we’re going to continue doubling down [on] and investing in.” ServiceNow has added new agents to its library of pre-built AI agents, including a new security operations (SecOps) agent, a set of autonomous change management agents, and a network test and repair agent. The company also updated its AI Agent Orchestrator and AI Agent Studio, adding new features and making them generally available.Wider agent reachServiceNow offers pre-built agents for specific teams and also helps customers build their own

The Motley Fool
Mar 12th, 2025
Why ServiceNow Stock Jumped Today

ServiceNow released its new AI-agent-focused platform today.

Analytics India Magazine
Mar 12th, 2025
ServiceNow Unleashes AI Agents Across Enterprise with Yokohama Release

ServiceNow has launched the Yokohama platform release, introducing AI agents across CRM, HR, IT, and other business functions.

ChannelE2E
Mar 12th, 2025
Channel Brief: ConnectWise Unveils SaaS Security for MSPs

Following the news that it will acquire Moveworks for $2.85 billion, ServiceNow today launched additional AI enhancements to its platform.

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