ServiceNow (NYSE: NOW) announced a strategic partnership with CapZone Impact Investments LLC to develop digital solutions for mission-critical manufacturing facilities, beginning with operations in Mobile, Alabama.

The collaboration will use ServiceNow's AI Platform combined with CapZone's Opportunity Zone investment capabilities to modernize shipbuilding operations and support U.S. naval activities along the Gulf Coast. The partnership targets the Department of Defense's modernization efforts and aims to enhance manufacturing readiness.

The initiative focuses on transforming the Mobile Naval Yard into a digitized facility. ServiceNow will provide risk management, enterprise asset management, and AI-powered automation capabilities, while CapZone contributes expertise in long-term capitalization strategies and regulatory compliance.

"ServiceNow and CapZone aim to revitalize the Mobile Naval Yard into a state-of-the-art digital facility, designed to meet the demands of today's mission critical objectives," said Steve Walters, president, Americas, at ServiceNow.

CapZone launched the United Submarine Alliance Fund in 2024, a private equity Opportunity Zone fund established in partnership with the U.S. Navy. The company plans to introduce "Anything-As-A-Service" capabilities in Mobile, providing consumption-based solutions through technology integration.

"The complexity of Opportunity Zones demands AI-enabled tools to support fund structuring, compliance, and investment deployment," said Al Puchala, CEO of CapZone.

The companies will use the ServiceNow AI Platform to handle regulatory compliance and reporting functions for Opportunity Zone funds and national security infrastructure investments nationwide. The partnership represents part of CapZone's broader strategy to strengthen America's Defense Industrial Base through place-based investment.

The information is based on a company press release statement.