Cloud-computing firm ServiceNow Inc said on Wednesday it would invest $1 billion in its venture arm by 2026 to back enterprise software-focused startups in artificial intelligence and automation, among others.The investment in ServiceNow Ventures comes at a time when funding for early-stage technology com
Cloud-computing firm ServiceNow Inc said on Wednesday it would invest $1 billion in its venture arm by 2026 to back enterprise software-focused startups in artificial intelligence and automation, among others.
The investment in ServiceNow Ventures comes at a time when funding for early-stage technology companies has dried up due to rising interest rates and high inflation."Enterprise software is more mission-critical than ever before, as companies look to drive innovation, efficiency and productivity," the California-based company said.
Last month, ServiceNow became a strategic partner and anchor investor in Smith Point Capital Fund I, an enterprise software-focused venture investment firm founded by former Salesforce Inc co-CEO Keith Block.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Singapore Inc: A global hub for brands and businessesInternational companies are using the city-state as a base for strategic success in Asia, while new firms are setting up operations here with a view to expanding regionally.
Read more »
Tencent slashes cloud service prices by up to 40% as price war intensifiesHONG KONG : Chinese internet giant Tencent Holdings is cutting prices for cloud services by up to 40 per cent from June amid similar moves from rivals that have plunged the sector into a price war.The fierce competition comes amid soft corporate demand, with the Chinese economy in the midst of a wobbly re
Read more »
Korban registration opens on Wednesday; sheep will cost $360 to $380 eachRegistration can be done physically or online. Read more at straitstimes.com.
Read more »
Korban registration opens on Wednesday; sheep will cost $360 to $380 eachThe registration for the annual Hari Raya Haji ritual of korban – which involves the slaughtering of livestock and distribution of the meat to worshippers and the needy – will begin on Wednesday. This year’s ritual will continue to see sheep being sacrificed in...
Read more »
Recovery of victims from New Zealand hostel fire expected to begin WednesdaySix people are confirmed dead and a number of people remain unaccounted for. Read more at straitstimes.com.
Read more »
Tesla to meet Indian officials this week - sourceNEW DELHI : Senior Tesla Inc executives will meet Indian government officials on Wednesday and Thursday to discuss local procurement of parts and other issues, a source with direct knowledge of the matter told Reuters. The electric carmaker's renewed interest in India comes nearly a year after it put on h
Read more »