How Much Did Moveworks Raise? Headquarters, Funding & Key Investors

Moveworks has raised a total of $315 million in funding across multiple rounds. The company secured $30 million in its Series A round (April 2019), followed by $75 million in its Series B round (November 2019), and its largest Series C round of $200 million in June 2021, at a valuation of $2.1 billion. Key backers include Tiger Global Management, Sapphire Ventures, Iconiq Capital, Lightspeed Venture Partners, Bain Capital, Alkeon Capital Management, and Kleiner Perkins. Since its founding in 2016, Moveworks has maintained a strong funding momentum, reflecting the confidence of investors in its AI-native communication and enterprise automation platform.

How Much Did Moveworks Raise? Funding & Key Investors

Moveworks is a Mountain View, California–based AI-native company transforming enterprise productivity through conversational AI. Founded in 2016 by Bhavin Shah, Moveworks provides a cloud-based platform that automates IT, HR, and business operations by understanding and resolving employee requests in real time. Its platform uses advanced NLP, machine learning, and semantic search to streamline onboarding, verification, and workflow automation. Integrated with Slack, Microsoft Teams, and other collaboration tools, Moveworks enables global enterprises to boost efficiency, reduce support costs, and enhance employee experience through AI-powered communication.

What Is Moveworks and What Does It Do?

Moveworks, founded in 2016 by Bhavin Shah, is a Mountain View, California-based AI-native company specializing in employee communication and IT automation.

With a team of 501-1,000 employees (as of July 2024), Moveworks provides a cloud-based conversational AI platform that automates enterprise IT support and HR workflows. It uses Natural Language Processing (NLP) and machine learning to resolve real-time issues, streamline onboarding and employee verification, and facilitate organizational communication.

The platform features semantic search, collective learning, and integrates across collaboration tools such as Slack and Microsoft Teams to enhance workplace productivity on a subscription basis.

How Much Funding Has Moveworks Raised?

1. Series A

Amount Raised: $30 million
Date: April 2019
Lead Investors: Lightspeed Venture Partners, Bain Capital
Motivation: To build the foundational conversational AI product and expand the engineering team.

2. Series B

Amount Raised: $75 million
Date: November 2019
Lead Investors: Kleiner Perkins, Sapphire Ventures, Iconiq Capital, Lightspeed Venture Partners, Bain Capital Ventures
Motivation: To enhance NLP capabilities, scale enterprise adoption, and integrate with major collaboration tools.

3. Series C

Amount Raised: $200 million
Date: June 2021
Lead Investors: Tiger Global Management, Alkeon Capital Management, Kleiner Perkins, Bain Capital, Lightspeed Venture Partners, Sapphire Ventures, Iconiq Capital
Motivation: To accelerate product innovation, expand into HR and finance automation, and reinforce its position in AI-native enterprise solutions.

Total Funding Raised: $315 Million

Current Valuation: $2.1 Billion (as of July 2021)

Latest Funding Date: June 2021

Key Investors

1. Sapphire Ventures

Details: A venture capital firm investing in growth-stage enterprise software startups.
Investment Focus Areas: AI, SaaS, cloud infrastructure, and enterprise applications.
Notable Investments: Box, Jasper, Moveworks, and Snyk.

2. Iconiq Capital

Details: A multi-family office and VC firm managing capital for tech leaders.
Investment Focus Areas: Enterprise software, AI, and fintech.
Notable Investments: Snowflake, Canva, Moveworks, and Notion.

3. Tiger Global Management

Details: Global investment firm focused on late-stage technology companies.
Investment Focus Areas: AI, enterprise tech, fintech, and infrastructure.
Notable Investments: Stripe, UiPath, Moveworks, and Databricks.

4. Lightspeed Venture Partners

Details: Early and growth-stage VC firm with a focus on AI and enterprise software.
Investment Focus Areas: AI, cloud computing, cybersecurity, and SaaS.
Notable Investments: Nutanix, Rubrik, Moveworks, and Snap.

5. Kleiner Perkins

Details: Legendary Silicon Valley VC backing innovative technology companies.
Investment Focus Areas: AI, cloud software, and health tech.
Notable Investments: Google, Amazon, Moveworks, and Slack.

6. Bain Capital Ventures

Details: Venture arm of Bain Capital focusing on B2B software and AI startups.
Investment Focus Areas: Enterprise software, AI, and data infrastructure.
Notable Investments: LinkedIn, SendGrid, Moveworks, and Redis Labs.

Where Is Moveworks’ Headquarters?

Moveworks is headquartered in Mountain View, California, at the heart of Silicon Valley’s innovation corridor. The location grants direct access to top AI talent, early-adopter enterprise clients, and a robust venture ecosystem that supports cutting-edge SaaS and AI development. This strategic base has helped Moveworks attract world-class investors and maintain a competitive edge in conversational AI and IT automation.

What’s Next for Moveworks?

Following its acquisition phase and strong Series C backing, Moveworks is expected to expand its AI copilot platform across departments beyond IT support, covering HR, finance, and customer success. The company aims to deepen integrations with enterprise platforms, such as Microsoft 365 and Slack, and strengthen its multilingual and generative AI capabilities.

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