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Moveworks

From Wikipedia, the free encyclopedia
American artificial intelligence company
Moveworks
Former headquarters inLos Altos, California
Company typePrivate
IndustryEnterprise software
Artificial intelligence
Natural language understanding
Probabilistic machine learning
Founded2016; 10 years ago (2016)
FoundersBhavin Shah
Vaibhav Nivargi
Varun Singh
Jiang Chen
HeadquartersMountain View, California, U.S.
Key people
  • Bhavin Shah
    (CEO)
    Vaibhav Nivargi
    (CTO)
    Varun Singh
    (VP of Product)
    Jiang Chen
    (VP of Machine Learning)
OwnerServiceNow
Number of employees
500+
Websitemoveworks.com

Moveworks is an Americanartificial intelligence (AI) company headquartered inMountain View, California.

It develops an AI platform, designed for large enterprises, that usesnatural language understanding (NLU),probabilistic machine learning, andautomation to resolve workplace requests.Autodesk andBroadcom are some of their client companies.[1][2]

Its platform analyzes requests made by company employees to itschatbot, and resolves them through throughintegration with othersoftware applications. It is available inbusiness communication tools such asSlack andMicrosoft Teams, as well as through online platforms such asServiceNow andSharePoint.[3]

As of its Series Cfinancing round in June 2021, Moveworks is valued at $2.1 billion and has raised $315 million in total funding.[4] The company’s investors includeTiger Global, Alkeon Capital, and other firms.[5]

In December 2025, Moveworks was acquired by ServiceNow.

History

[edit]

Moveworks was founded in 2016 by Bhavin Shah, Vaibhav Nivargi, Varun Singh, and Jiang Chen.[6][7]

The founders recognized the potential of an AI-powered chatbot to resolve a significant portion of employees’ support issues, without involvement from a corporatehelp desk. This model would enable self-service for employees with common requests or questions.

After working with a group of lighthouse customers to automate IT support use cases, the firm came out of "stealth mode" in April 2019, following a $30 million Series A investment fromLightspeed Venture Partners andBain Capital.[6] The company raised a $75 million Series B round in November 2019 and a $200 million Series C round in June 2021.[7][4]

Moveworks initially solved employees’IT support issues. In March 2021, it expanded its Employee Service Platform to address issues concerning other lines of business, includingHR, finance, and facilities.[8] The firm also released aninternal communications solution that allows company leaders to send interactive messages to employees.

Moveworks was recognized as the Best Chatbot Solution at the 2021 AI Breakthrough Awards,[9] named to the Forbes AI 50 in 2019, 2020, and 2021,[10][11][12] and selected as one of the Most Innovative Tech Companies of the Year at the 2021 American Business Awards.[13]

In December 2025, nine months after agreeing to buy it for $2.9 billion,[14] ServiceNow completed the acquisition of Moveworks.[15][16]

Technology

[edit]

The Moveworks platform comprises a multitude of specialized machine learning models, such as variants of theBERT language model. These models are trained on historicalsupport tickets in order to process and fulfill new requests; for example, answering policy questions, accessing software, and editing email groups. As of October 2021, Moveworks is capable of resolving requests written in across 100+ languages.[1]

A central goal of Moveworks' machine learning process is to augment the "small data" of its customers. Training deep learning models often requiresvery large data sets; for example, millions of annotated requests for a new laptop.[17] Whereas few companies possess a sufficient quantity of such requests from their own employees, Moveworks leverages Collective Learning across many companies to make high-accuracy predictions about how to resolve a given issue.[18]

References

[edit]
  1. ^ab"How Moveworks' AI platform broke through the multilingual NLP barrier".VentureBeat. 2021-10-24. Retrieved2021-11-09.
  2. ^Roof, Katie (June 30, 2021)."Workplace Chatbot Firm Moveworks Reaches $2.1 Billion Valuation".Bloomberg. RetrievedNovember 9, 2021.
  3. ^Moveworks."Moveworks pioneers the first multilingual AI platform built to support global companies".www.prnewswire.com (Press release). Retrieved2021-11-10.
  4. ^ab"Moveworks raises $200M to automate enterprise IT tasks".VentureBeat. 2021-06-30. Retrieved2021-11-09.
  5. ^Moveworks."Moveworks Raises $200 Million in Series C Funding to Support Work-from-Anywhere with AI".www.prnewswire.com (Press release). Retrieved2021-11-09.
  6. ^abD'Onfro, Jillian."Moveworks Raises $30 Million To Stop Employees From Hating IT".Forbes. Retrieved2021-11-09.
  7. ^abMiller, Ron (2019-11-14)."Moveworks snags $75M Series B to resolve help desk tickets with AI".TechCrunch. Retrieved2023-02-07.
  8. ^Ray, Tiernan."Language AI startup Moveworks expands beyond IT to finance, HR, other corporate communications".ZDNet. Retrieved2021-11-09.
  9. ^"2021 Winners | AI Breakthrough Awards". Retrieved2021-11-10.
  10. ^D'Onfro, Jillian."AI 50: America's Most Promising Artificial Intelligence Companies".Forbes. Retrieved2021-11-10.
  11. ^Ohnsman, Alan."AI 50 2020: America's Most Promising Artificial Intelligence Companies".Forbes. Retrieved2021-11-10.
  12. ^Ohnsman, Alan."AI 50 2021: America's Most Promising Artificial Intelligence Companies".Forbes. Retrieved2021-11-10.
  13. ^"Company / Organization Awards | Stevie Awards".stevieawards.com. 2 May 2019. Retrieved2021-11-10.
  14. ^Baker, Liana; Roof, Katie; Ford, Brady (March 11, 2025)."ServiceNow to Buy AI Startup Moveworks for Nearly $3 Billion". Bloomberg News.
  15. ^Team, C. R. N. (2025-12-16)."ServiceNow completes acquisition of Moveworks to create an AI-native front door for work".CRN - India. Retrieved2026-01-22.
  16. ^Kahn, Jeremy."ServiceNow buys Moveworks for $2.85 billion".Fortune. Retrieved2026-01-22.
  17. ^Mani, Chithrai."Council Post: How Is Big Data Analytics Using Machine Learning?".Forbes. Retrieved2021-11-09.
  18. ^"The secrets of small data: How machine learning finally reached the enterprise".VentureBeat. 2020-10-08. Retrieved2021-11-09.
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