Summary:
Data.world, an Austin startup, acquired by ServiceNow after raising $130M
Co-founded by a prominent Austin entrepreneur, showcasing the power of local networks
Acquisition highlights ServiceNow's interest in innovative startups for competitive advantage
Expected to boost Austin's tech ecosystem and inspire future entrepreneurs
Austin-based startup Data.world has been acquired by California company ServiceNow, marking a significant milestone for the local tech scene. Over the past decade, Data.world raised more than $130 million, showcasing the potential of Austin's entrepreneurial ecosystem. The startup was co-founded by one of the metro’s most well-connected and active entrepreneurs, highlighting the importance of networking and community in startup success.
This acquisition not only represents a major exit for Data.world but also underscores the growing interest of large tech companies in innovative startups. ServiceNow's move to acquire Data.world is a testament to the startup's value and the competitive edge it brings to the table.
The deal is expected to have a positive impact on Austin's tech landscape, encouraging more investments and fostering a culture of innovation. It also serves as a motivational story for aspiring entrepreneurs, proving that with the right idea, team, and support, startups can achieve remarkable success.
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