Moveworks reaches $2.1bn valuation with $200m round

Jul 1, 2021 • gcv admin

The Comerica Bank-backed conversational intelligence technology developer backed secured series C capital to take its total funding to $315m.

Moveworks, a US-based conversational technology developer backed by financial services firm Comerica Bank, completed a $200m series C round yesterday at a valuation of $2.1bn.

The round was co-led by hedge fund managers Tiger Global Management and Alkeon Capital Management. They were joined by Lightspeed Venture Partners, Sapphire Ventures, Bain Capital, Iconiq Growth and Kleiner Perkins.

Founded in 2016, Moveworks has built a cloud software platform which uses conversational artificial intelligence technology, semantic search and natural language processing to help…

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