ServiceNow Acquires Moveworks for $2.85B: AI-Powered Enterprise Automation

ICONIQ Capital celebrates the acquisition of Moveworks by ServiceNow for $2.85 billion, marking a significant milestone in enterprise AI automation. The investment firm highlights Moveworks' evolution from early-stage venture backing in 2019 through Series B to creating an agentic AI platform that enables employees to find answers and automate tasks across enterprise workflows. The acquisition reflects broader industry recognition that AI-powered automation is now essential rather than optional for enterprise software competitiveness.