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Venture Capital News: Moveworks Completes $200M Series C Round

2021-06-30
MOUNTAIN VIEW, CA, Moveworks today announced it closed a $200 million Series C financing round.
Moveworks, the AI platform that automates support at work, today announced it closed a $200 million Series C financing round - just five years after its inception in 2016. It represents the largest investment ever made in an AI platform for employee service, reaffirming the company's leadership in the fast-growing industry. Moveworks has now raised $315 million in total funding, with a valuation of $2.1 billion.

Leading the round were Tiger Global and Alkeon Capital, with participation from existing investors Lightspeed Venture Partners, Sapphire Ventures, Bain Capital, ICONIQ Growth, and Kleiner Perkins. In addition, Nikesh Arora, Chairman and CEO of Palo Alto Networks and Former Chief Business Officer of Google, will be joining the board as independent director.

Moveworks is revolutionizing how companies support their employees - with the first AI platform that makes getting help at work effortless. The modern workday is full of disruptions, from IT issues to HR updates to policy changes. Moveworks understands exactly what employees need and provides the right solution in seconds, using conversational AI built for the enterprise. Our platform allows customers like DocuSign, Broadcom, and Western Digital to move forward on what matters.
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