Moveworks
Moveworks Raises $200M in Series D
Quick Facts
Moveworks Raises $200M in Series D
Moveworks has successfully raised $200M in a Series D at a $2.1B valuation led by Tiger Global, Alkeon Capital, Sapphire Ventures, Bain Capital Ventures, Kleiner Perkins, Lightspeed Venture Partners.
Company Overview
Moveworks is a AI/ML company headquartered in 1001 Page Mill Road, Palo Alto, CA 94304, founded in 2016 with 500+ employees.
AI platform for employee support
Fundraising Details
- Amount Raised: $200M
- Round Type: Series D
- Valuation: $2.1B
- Date: 2024-06-21
- Investors: Tiger Global, Alkeon Capital, Sapphire Ventures, Bain Capital Ventures, Kleiner Perkins, Lightspeed Venture Partners
About Moveworks
AI platform for employee support The company is positioned in the AI/ML sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: 1001 Page Mill Road, Palo Alto, CA 94304
- Founded: 2016
- Team Size: 500+
- Industry: AI/ML
What This Means
This funding round demonstrates strong investor confidence in Moveworks's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The AI/ML sector continues to attract significant investment as companies innovate to meet evolving market demands. Moveworks's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $2.1B valuation marks an important milestone for Moveworks, positioning the company among notable players in the AI/ML industry.
Looking Ahead
With this new capital, Moveworks is well-positioned to execute on its growth strategy and continue building innovative solutions in the AI/ML space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
This fundraising news was reported on 2024-06-21. For more information about Moveworks, visit their headquarters at 1001 Page Mill Road, Palo Alto, CA 94304.
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