ServiceNow Acquires Raytion
July 25, 2024
ServiceNow has acquired Germany-based Raytion to strengthen GenAI-powered search and knowledge management on the Now Platform. The acquisition, completed in July 2024 for an undisclosed amount, brings Raytion's information retrieval technology and team (led by founder Valentin Richter) into ServiceNow to provide unified, enterprise-wide AI search and knowledge capabilities.
- Buyers
- ServiceNow
- Targets
- Raytion
- Industry
- AI & Machine Learning
- Location
- North Rhine-Westphalia, Germany
- Transaction Type
- Buyout
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