Moveworks Raises $75M in Series B Funding

Funding Rounds

▤ Summary

Moveworks, a Mountain View, CA-based autonomous artificial intelligence (AI) platform for IT resolution in the enterprise, raised $75m in Series B financing. The company intends to use the capital to accelerate product innovation for its technology and meet global demand for the platform for new and existing customers. Led by Bhavin Shah, CEO, Moveworks provides a Natural Language Understanding (NLU) and advanced Conversational-AI technology platform for IT resolution in the enterprise. CIOs from some of the most recognizable enterprises in the world — including Broadcom, Western Digital, Medallia, Autodesk and Nutanix — already resolve their daily IT support issues autonomously with the platform. Since coming out of stealth six months ago, the company has added a number of new customers including Align Technology, LinkedIn, Symantec, Belkin, Stitch Fix, AppDynamics and more.

$ Funding

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Amount $75.0M Total raised
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Date November 14, 2019 Announcement date
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Investors ICONIQ Capital, Bain Capital Ventures, Sapphire Ventures, LLC Lead investors
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Company http://www.moveworks.com Funded company

▥ Classifications

industries
No industries detected
applications
Web and Content Management

◇ AskAI Classifications

Labels
Software Enterprise Software Artificial Intelligence

▦ Linked Companies

Moveworks
$50M to $100M