U.S. IT company ServiceNow is buying Israeli firm Pyramid Analytics, which offers an AI-powered platform for business analytics, data science, and data preparation. The deal is reportedly worth several hundred million dollars.
This is ServiceNow’s second acquisition in a short time. Less than two months ago, it also bought Israeli cybersecurity company Armis for $7.75 billion.
The deal will help ServiceNow move closer to its goal of helping companies quickly turn data into action. By adding smarter tools into everyday work processes, businesses can make faster and better decisions.
The platform from Pyramid Analytics lets employees ask questions in simple, everyday language and get instant answers—without needing to wait for data experts. Its AI can automatically spot problems, create and assign cases, and suggest the best next steps.
“When Pyramid Analytics’ capabilities are combined with the ServiceNow AI Platform, customers will be able to turn those self-service insights into action—without leaving their workflows. For example, AI-driven insights can automatically surface an issue, open and route a case, recommend the next best actions, and drive resolution across IT and the business—all in one connected workflow,” said ServiceNow.
The company has more than 200 employees in Israel, along with team members in the United States, United Kingdom, Netherlands, United Arab Emirates, and Germany, showing its strong international presence.
Its investors include well-known firms such as HIG Growth Partners, Clal Insurance, Kingfisher Capital, General Oriental, JVP, Maor Capital, Sequoia Capital, and Viola Growth.
Founded in 2009 by Omri Kohl (CEO), Avi Perez (CTO), and Herbet Hochman, Pyramid Analytics has raised a total of $250 million so far.
This includes a $50 million investment from BlackRock, the world’s largest asset manager, made in November 2024.
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