ServiceNow Acquires Israeli Startup Traceloop for $60-$80 Million in Third Israeli Deal in Three Months

Summary

ServiceNow has acquired Traceloop, an Israeli startup focused on observability for LLM-based applications, in a deal valued between $60 and $80 million. This marks ServiceNow's third acquisition of an Israeli company in under three months, signaling an aggressive push to bolster its AI capabilities through targeted acquisitions. Traceloop is known for its open-source OpenLLMetry project, which provides observability and monitoring tooling for applications built on large language models. The acq