Moveworks Raises $75M in Series B Funding

moveworksMoveworks, a Mountain View, CA-based autonomous artificial intelligence (AI) platform for IT resolution in the enterprise, raised $75m in Series B financing.

The round, which brought total funding raised to date to $105m, was led by new backers Iconiq Capital, Kleiner Perkins and Sapphire Ventures with participation from existing investors Lightspeed Venture Partners, Bain Capital Ventures, and Comerica Bank. The round also included a personal investment from John W. Thompson, Partner at Lightspeed Venture Partners and Chairman of Microsoft.

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.



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