About Moveworks
Moveworks is a company based in Mountain View (United States) founded in 2016 by Jiang Chen, Varun Singh, Vaibhav Nivargi, and Bhavin Shah was acquired by ServiceNow in March 2025.. Moveworks has raised $305 million across 3 funding rounds from investors including ServiceNow, Kleiner Perkins and Comerica. The company has 57 employees as of March 31, 2024. Moveworks offers products and services including AI Assistant, Agent Studio, Enterprise Search, and Service Management. Moveworks operates in a competitive market with competitors including Beekeeper, Simpplr, Workvivo, Staffbase and Ivanti, among others.
- Headquarter Mountain View, United States
- Employees 57 as on 31 Mar, 2024
- Founders Jiang Chen, Varun Singh, Vaibhav Nivargi, Bhavin Shah
- Stage Unicorn
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Moveworks Private Limited
- Date of Incorporation 17 Oct, 2020
- Jurisdiction Bangalore North, Karnataka, India
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Annual Revenue
$2.49 M (USD)110.16as on Mar 31, 2023
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Net Profit
$166.25 K (USD)107.17as on Mar 31, 2023
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EBITDA
$286.89 K (USD)112.6as on Mar 31, 2023
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Total Equity Funding
$305 M (USD)
in 3 rounds
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Latest Funding Round
$200 M (USD), Series C
Jun 30, 2021
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Investors
ServiceNow
& 10 more
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Employee Count
57
as on Mar 31, 2024
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Acquired by
ServiceNow
(Mar 10, 2025)
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Products & Services of Moveworks
Moveworks offers a comprehensive portfolio of products and services, including AI Assistant, Agent Studio, Enterprise Search, and Service Management. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Automates tasks and provides answers for enterprise workflows
Enables building and deploying AI agents for specific needs
Facilitates information retrieval across systems
Manages IT support and ticketing processes
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Software Development Team
61 people
Product Management Team
19 people
Sales and Marketing
15 people
Leadership Team
11 people
Senior Team
10 people
Human Resources and Administration
7 people
Machine Team
5 people
Creative and Marketing Team
4 people
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Funding Insights of Moveworks
Moveworks has successfully raised a total of $305M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $200 million completed in June 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series C — $200.0M
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First Round
First Round
(17 Apr 2019)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2021 | Amount | Series C - Moveworks | Valuation | Tiger Global Management , Alkeon Capital Management | |
| Nov, 2019 | Amount | Series B - Moveworks | Valuation | Kleiner Perkins , Sapphire Ventures | |
| Apr, 2019 | Amount | Series A - Moveworks | Valuation | Lightspeed Venture Partners , Bain Capital |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Moveworks
Moveworks has secured backing from 11 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include ServiceNow, Kleiner Perkins and Comerica. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture and private equity investments are managed with global diversification.
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Founded Year | Domain | Location | |
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VC fund focused on equity markets
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Founded Year | Domain | Location | |
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Venture capital firm investing in early-stage tech startups
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Moveworks
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Moveworks
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Moveworks Comparisons
Competitors of Moveworks
Moveworks operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Beekeeper, Simpplr, Workvivo, Staffbase and Ivanti, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Enterprise communication platform is offered for multiple industries.
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| domain | founded_year | HQ Location |
An AI platform is utilized for connecting employees across organizations.
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| domain | founded_year | HQ Location |
Employee engagement and internal communications software platform is provided.
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| domain | founded_year | HQ Location |
Anonymous employee feedback is facilitated via software for team analysis.
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| domain | founded_year | HQ Location |
Cloud-based IT asset and service management software is offered.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Moveworks
Frequently Asked Questions about Moveworks
When was Moveworks founded?
Moveworks was founded in 2016 and raised its 1st funding round 3 years after it was founded.
Where is Moveworks located?
Moveworks is headquartered in Mountain View, United States. It is registered at Mountain View, California, United States.
Who is the current CEO of Moveworks?
Bhavin Shah is the current CEO of Moveworks. They have also founded this company.
Is Moveworks a funded company?
Moveworks is a funded company, having raised a total of $305M across 3 funding rounds to date. The company's 1st funding round was a Series A of $30M, raised on Apr 17, 2019.
How many employees does Moveworks have?
As of Mar 31, 2024, the latest employee count at Moveworks is 57.
What is the annual revenue of Moveworks?
Annual revenue of Moveworks is $2.49M as on Mar 31, 2023.
What does Moveworks do?
Founded in 2016 and headquartered in Mountain View, United States, Moveworks operates in the enterprise software sector. A cloud-based platform is offered for internal employee communication, HR onboarding, and verification processes. Conversational AI is utilized for automating IT support, incorporating natural language processing and machine learning to address issues in real time. Semantic search and collective learning features are included, with the service provided on a subscription model.
Who are the top competitors of Moveworks?
What products or services does Moveworks offer?
Moveworks offers AI Assistant, Agent Studio, Enterprise Search, and Service Management.
Who are Moveworks's investors?
Moveworks has 11 investors. Key investors include ServiceNow, Kleiner Perkins, Comerica, Lightspeed Venture Partners, and Bain Capital.
What is Moveworks's valuation?
The valuation of Moveworks is $2.1B as of Jun 2021.
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