ServiceNow Acquires Moveworks Founders Bhavin Shah Vaibhav Nivargi Varun Singh Jiang Chen

ServiceNow has agreed to acquire Moveworks for $2.85 billion in cash and stock to strengthen its AI-powered automation portfolio. Founded in 2016 by Bhavin Shah, Vaibhav Nivargi, Varun Singh, and Jiang Chen, Moveworks specializes in enterprise AI assistants and automation tools used by companies like Unilever and Toyota. The deal, expected to close in the second half of 2025, aligns with ServiceNow’s push into AI-driven workflow automation and follows its recent acquisition of Cuein. Moveworks had previously raised over $300 million from investors including Tiger Global and Kleiner Perkins.

SALE PRICE: $2,850,000,000

ServiceNow HQ: #SantaClara #California Moveworks HQ: #MountainView #California

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