ServiceNow Ventures

ServiceNow Ventures is the corporate venture capital arm of ServiceNow (NYSE: NOW), the Santa Clara, California-based enterprise workflow and AI platform company. Established in 2012 and operating within ServiceNow's Corporate Business Development organization, the fund has deployed strategic capital at scale since 2015, with a public commitment to invest $1 billion into portfolio companies by 2026 — approximately $300 million of which has already been deployed across roughly 83 companies. The investment thesis is thematic: accelerating the AI era for enterprise software across seamless AI operations, AI-enabled user experiences, AI agents, proactive cloud security, distributed cloud, hyperautomation, and data intelligence. The fund participates primarily at Series B, C, and D as a strategic minority investor, with check sizes ranging from $3 million to $50 million, and frequently supplements capital with commercial distribution and integration partnerships. Notable recent investments include Island's Series D at a $3 billion valuation in December 2024, a $5 million follow-on into Oyster (global employment platform), Prodapt (telecom digital services), and inMorphis (a pure-play ServiceNow services partner). Other portfolio names include Deepgram, Plutus, and Genesys, spanning AI, SaaS, security, and data analytics across the US, Europe, and Israel. ServiceNow Ventures distinguishes itself from purely financial CVCs through its ability to open enterprise distribution channels for portfolio companies — giving founders direct routes into ServiceNow's global customer base. The fund's broad mandate across 83 investments in AI-heavy enterprise software reflects ServiceNow's conviction that the next cycle of enterprise productivity will be defined by intelligent automation and agentic AI workflows.