Moveworks, a Mountain View, Calif.-based AI platform that automates support at work, closed a $200m Series C financing.
The round was led by 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.
The company, which has now raised $315m in total funding with a valuation of $2.1 billion, intends to use the funds to continue to expand operations and its business reach.
Led by CEO Bhavin Shah, Moveworks is an AI platform purpose-built to solve employees’ support issues, from IT tickets to HR requests to policy questions. Employees describe what they need to Moveworks on their favorite enterprise messaging tool — such as Microsoft Teams and Slack — to get help in seconds and the AI platform understands exactly what employees need and provides the right solution in seconds, using conversational AI built for the enterprise.
The platform is used by customers like DocuSign, Broadcom, and Western Digital.
FinSMEs
01/07/2021