ServiceNow Inc. is nearing a deal to buy artificial intelligence firm Moveworks, people familiar with the matter said, in what would be its largest acquisition to date.

The business surpassed $100M annual recurring revenue in September last year and has raised $315M in funding at a $2.1B valuation from investors such as Alkeon, Bain, Iconiq, Kleiner Perkins, Lightspeed, Sapphire, and Tiger Global.

ServiceNow Inc. (NYSE: NOW) is reportedly finalizing its largest acquisition yet, aiming to acquire AI-powered workplace assistant provider Moveworks for nearly $3 billion. According to Bloomberg, the deal could

While discussions are in advanced stages, there remains a possibility of delays or a breakdown in negotiations, sources said.