· Venture Capital Tracker · investment-strategies · 2 min read
Did ServiceNow Buy Sweep? Spokesperson Yes. $400M Is Still Reported.
A ServiceNow spokesperson confirmed to Geektime and CTech that ServiceNow has acquired Sweep (sweep.io). No company press release. Official terms undisclosed. Geektime sources put the price at about $400 million; CTech wrote hundreds of millions. Insight led the May 2025 $22.5 million Series B; Bessemer returned. Not Sweep the climate company.
VCT data record
Funding event facts
Source-backed financing and transaction details. Unknown terms remain undisclosed rather than estimated.
ServiceNow acquires Sweep (spokesperson-confirmed)
ServiceNow spokesperson confirmed the acquisition to CTech (Sep 3) and Geektime. No company press release. Official terms undisclosed. Geektime sources about $400 million; CTech said hundreds of millions. Insight led the May 2025 $22.5 million Series B; Bessemer returned.
- Event type
- Acquisition
- Event date
- Sep 3, 2026
- Amount
- $400M
- Confidence
- Reported
Company / target: Sweep
Sources: calcalistech.com geektime.co.il
ServiceNow has acquired Sweep — if you trust a spokesperson quote more than a press release. CTech (September 3, 2026) and Geektime both said a ServiceNow spokesperson confirmed the buy and declined to discuss terms. There is no ServiceNow or Sweep release as of September 6, 2026. Geektime sources put the price at about $400 million. CTech wrote hundreds of millions. Last verified September 6, 2026.
This is sweep.io, not Sweep the climate company, and not a cash-sweep covenant.
Five-minute decision
| If you need… | Verdict |
|---|---|
| Did the deal happen? | Spokesperson-confirmed. No 8-K-style buyer release. Weaker than Console. |
| Price | Unknown official. Geektime ~$400M. CTech hundreds of millions. |
| Who exits | Insight (led May 2025 B and the prior round). Bessemer returned. |
| Last confirmed raise | $22.5M Series B, May 20, 2025 (Insight). |
| Lifetime capital | Conflict. CTech $46M disclosed vs Geektime / PitchBook ~$57.6M. |
Investigate further when: you need an Insight/Bessemer Israel GTM-systems exit next to Wonderful’s still-private $550 million C.
Wait or pass when: you need a filed price, or you are looking up Sweep carbon software.
Sweep vs Console, same week
| Sweep (this print) | Console | |
|---|---|---|
| Buyer | ServiceNow | Palo Alto Networks |
| Buyer proof | Spokesperson to CTech / Geektime | Company press release (Sep 1) |
| Official price | None | None |
| Press price | Geektime ~$400M; CTech “hundreds of millions” | TechCrunch $500M cash and stock, two people |
| Last raise | $22.5M B (May 2025) | $23M A (company note) |
| Directory funds | Insight, Bessemer | Thrive |
Same job — enterprise agent layer bought by a public platform — different disclosure. Do not paste $400 million into a memo as a ServiceNow number.
What Sweep sells
Founded 2021 by Ido Gaver and Eran Kirshenboim (prior Flok, sold to Wix). About 90 staff in Tel Aviv, New York, Lisbon, and Madrid (Geektime). Product: a metadata / “agentic workspace” layer on Salesforce, HubSpot, ServiceNow, and Snowflake. Named customers in the acquisition write-ups include LG Electronics, Wix, Brex, NBC Sports, and Mass General Brigham.
Insight’s Jeff Horing led the 2025 B. Sweep’s CEO thank-you named “Jeff from Insight” on the prior round and “Adam from Bessemer” since founding. Those are investor-of-record facts. They are not a valuation.
ServiceNow’s quote, via Geektime/CTech: Sweep “strengthen[s] our AI-native development capabilities and advance[s] agentic deployment for CRM.” That is buyer language, not revenue.
What remains undisclosed
Close date, cash vs stock, retention, and whether the deal is signed vs closed. Lifetime funding $46M vs $57.6M. ARR, growth, and valuation at exit: not in these stories. Do not add the Geektime $400 million to Insight’s or Bessemer’s disclosed fund returns.
Related: Sweep · Console · Wonderful · Insight · Bessemer · September 5–6 tape.
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Editorial note: AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.
