Overview

Moveworks provides an AI-powered platform that automates and streamlines various business processes for companies, particularly those with a global workforce. The platform integrates with enterprise chat systems, allowing employees to automate tasks such as booking time off, understanding payroll policies, and managing engineering tasks. It is designed to be user-friendly, encouraging regular use among employees. Moveworks differentiates itself from competitors by offering multilingual support for over 100 languages and utilizing generative AI to fill knowledge gaps and send automatic notifications. The goal of Moveworks is to help businesses increase efficiency, reduce time spent on routine tasks, and improve communication, ultimately leading to significant cost savings.

Simplify's Take

What believers are saying

• Moveworks is recognized as a leader in conversational AI for employee services by Forrester.
• The strategic collaboration with Microsoft enhances Moveworks' AI scalability and security.
• Moveworks' platform accelerates approval processes by up to 97%, improving business efficiency.

What critics are saying

• Increased competition from emerging AI startups may dilute Moveworks' market share.
• Dependence on Microsoft Azure poses risks if partnership terms change or services disrupt.
• Potential data privacy concerns arise as Moveworks expands AI capabilities in strict regions.

What makes Moveworks unique

• Moveworks offers a multilingual AI platform supporting over 100 languages for global workforces.
• The platform integrates seamlessly with enterprise systems like Microsoft Teams and Slack.
• Moveworks' proprietary MoveLM models enhance AI capabilities for efficient task automation.

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Funding

Total Funding

$296.7M

Above

Industry Average

Funded Over

3 Rounds

Notable Investors:

Tiger GlobalLightspeed Venture PartnersKleiner Perkins

Notable Investors:

Tiger GlobalLightspeed Venture PartnersKleiner Perkins

$200,000,000

Series C

Jun 2021

Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.

Series C Funding Comparison

Above Average

Industry standards

Ind Avg. $50M

$16M

$40M

$50M

$62M

$100M

$200M

View all funding stages