ServiceNow Backs Tech in Asia at $700 Million Valuation

US-based software company ServiceNow has made a significant investment in Tech in Asia, an Indian media company specializing in technology news and analysis. The transaction values Tech in Asia at $700 million.

This investment underscores ServiceNow's growing interest in the Asian technology landscape and highlights Tech in Asia's established position in identifying and reporting on emerging companies. Tech in Asia operates a prominent media platform that provides coverage and insights into the rapidly evolving technology sectors across Asia.

The parent company of Tech in Asia, referred to in the context of the BusinessNext report, has recently been a subject of multiple funding rounds. This particular investment from ServiceNow is part of a broader strategy to further solidify Tech in Asia's market presence and expand its operational reach.

The valuation of $700 million reflects investor confidence in Tech in Asia's business model and its potential for future growth. The company has a history of covering and analyzing various technology firms within the region.