ServiceNow has invested $40 million in BusinessNext, valuing the 24-year-old Indian banking software firm at $700 million. This strategic investment, which gives ServiceNow a roughly 5% stake, aims to leverage BusinessNext's AI-powered banking software and ServiceNow's global sales network for international expansion. BusinessNext, which generated approximately $32 million in revenue last year and serves over 70 banks, will use this partnership to accelerate its growth beyond its current markets in India, Southeast Asia, the Middle East, and the U.S.