Tech Company Financing Transactions

Moveworks Funding Round

Moveworks closed a $75 million Series B funding round on 11/15/2019. Backers included ICONIQ Capital, Kleiner Perkins Caufield & Byers and Sapphire Ventures.

Transaction Overview

Company Name
Moveworks
Announced On
11/15/2019
Transaction Type
Venture Equity
Amount
$75,000,000
Round
Series B
Investors

ICONIQ Capital (Lead Investor) (Aditya Agrawal)

Kleiner Perkins Caufield & Byers (Lead Investor) (Mamoon Hamid)

Sapphire Ventures (Lead Investor) (Rajeev Dham)

Bain Capital Ventures (Enrique Salem)

Comerica Bank

Lightspeed Venture Partners (Arif Janmohamed)

Proceeds Purpose
The new capital will be used to accelerate product innovation for Moveworks' Natural Language Understanding (NLU) and advanced Conversational-AI technology to meet global demand for the platform for new and existing customers.

Company Information

Company Status
Private & Independent
Industry
Enterprise IT
Mailing Address
1277 Terra Bella Ave.
Mountain View, CA 94043
USA
Phone
Undisclosed
Website
www.moveworks.com
Email Address
[email protected]
Overview
Moveworks is a cloud-based AI platform purpose-built for large enterprises that solves one, big, frustrating problem: Resolving employees' IT support issues. Instead of tracking issues, we use advanced AI to solve them, instantly and automatically - with no human intervention.
Profile
Moveworks LinkedIn Company Profile
Social Media
Moveworks Company Twitter Account
Company News
Moveworks News
Facebook
Moveworks on Facebook
YouTube
Moveworks on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Bhavin Shah
  Bhavin Shah LinkedIn Profile  Bhavin Shah Twitter Account  Bhavin Shah News  Bhavin Shah on Facebook
Chief Technical Officer
Vaibhav Nivargi
  Vaibhav Nivargi LinkedIn Profile  Vaibhav Nivargi Twitter Account  Vaibhav Nivargi News  Vaibhav Nivargi on Facebook
Vice President
Jiang Chen
  Jiang Chen LinkedIn Profile  Jiang Chen Twitter Account  Jiang Chen News  Jiang Chen on Facebook
VP - Product Management
Varun Singh
  Varun Singh LinkedIn Profile  Varun Singh Twitter Account  Varun Singh News  Varun Singh on Facebook

 

 

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Next: 11/15/2019: Postprocess Technologies venture capital transaction

 

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