Moveworks Raises $200 Million in Series C  

by Kay Aloha Villamor in September 1st, 2021

California-based Moveworks a conversational AI platform that automates IT tasks has raised $200 million in a Series C funding round led by Tiger Global and Alkeon Capital.

Lightspeed Venture Partners, Sapphire Ventures, Bain Capital, Iconiq Growth, and Kleiner Perkins also participated in the round.

The fund will be used to expand Its Workplace Chatbot and to automate IT tasks.

Company: Moveworks, Inc.

Raised: $200.0M

Round: Series C

Funding Month: June 2021 

Lead Investors: Tiger Global and Alkeon Capital

Additional Investors: Lightspeed Venture Partners, Sapphire Ventures, Bain Capital, Iconiq Growth, and Kleiner Perkins 

Company Website: https://www.moveworks.com/

Software Category: Conversational AI platform

About the Company: Moveworks offers an AI platform that revolutionizes how companies support their employees. Using advanced conversational AI built for the enterprise, Moveworks gives employees exactly what they need, from IT support to HR help to policy information. Our platform allows customers like DocuSign, Broadcom, and Western Digital to move forward on what matters. Moveworks’ cloud platform integrates with service management systems, identity and access management systems, knowledge bases, email accounts, workflow automation, and facilities management dashboards, applying an engine trained on over 100 million real-world scenarios to identify troubleshooting steps for support issues.

Source: https://venturebeat.com/2021/06/30/moveworks-raises-200m-to-automate-enterprise-it-tasks/

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