Moveworksrevenue, acquisition & funding
Intelligent Virtual Assistants SoftwareMountain View, CaliforniaFounded 2016
Moveworks was acquired by ServiceNow in 2025. See ServiceNow's profile →
Moveworks is a machine learning-driven platform that provides AI-based automation solutions for IT support and help desk operations. The company was founded in 2016 by Bhavin Shah and Vaibhav Nivargi and is based in Mountain View, California.
Moveworks revenue & ARR
Moveworks' annual recurring revenue was $100M in November 2024, its last figure before ServiceNow bought it (moveworks.com).
All 4 revenue readings, with sources
| As of | Revenue | Source |
|---|---|---|
| Apr 2021 | $18.8M | – |
| Oct 2023 | $29.6MEST | GetLatka estimate |
| Oct 2024 | $55.6MEST | GetLatka estimate |
| Nov 2024 | $100M | moveworks.com |
– source not recorded
Who owns Moveworks
ServiceNow owns Moveworks. It bought the company in March 2025 for $2.8B.
Moveworks funding rounds & investors
Moveworks has raised $305M across three rounds since 2019. The latest was a $200M Series C in June 2021, led by Tiger Global and Alkeon Capital.
| Date | Round | Raised | Valuation | Led by | Source |
|---|---|---|---|---|---|
| Jun 2021 | Series C | $200M | $2.1B | Tiger Global and Alkeon Capital | moveworks.com |
| Nov 2019 | Series B | $75M | $470M | – | |
| Apr 2019 | Series A | $30M | – | – | |
| Total raised | $305M |
Moveworks competitors
Moveworks competes most directly with ServiceNow and Betterworks.
| Company | Revenue | Funding | Employees | Customers | Founded |
|---|---|---|---|---|---|
 ServiceNow | $13.3B | $737.1M | 32.8K | 8.4K | 2004 |
| Moveworks | $100M | $305M | 650 | 12 | 2016 |
 Betterworks | $41.7M | $51M | 195 | 500 | 2011 |
Moveworks CEO, founders & employees
Bhavin Shah founded Moveworks in 2016 with Vaibhav Nivargi, Varun Singh and Jiang Chen and led it as CEO. Moveworks had 650 employees (2025, PitchBook estimate), up from 554 a year earlier.
- Bhavin ShahCo-founder & CEO
- Vaibhav NFounder & CTO
BoardWill Griffith, Enrique Salem
InvestorsRajeev Dham
Also at MoveworksGarrett Serviss
All 12 headcount readings, with sources
| As of | Employees | Source |
|---|---|---|
| 2025 | 650EST | PitchBook estimate |
| Dec 2024 | 607 | |
| May 2024 | 577 | |
| Oct 2023 | 554 | |
| Sep 2023 | 556 | – |
| Jul 2023 | 501 | – |
| 2023 | 530 | – |
| Oct 2022 | 533 | |
| 2022 | 606 | – |
| Dec 2021 | 423 | |
| Aug 2021 | 323 | – |
| Apr 2021 | 224 | – |
Moveworks FAQ
What was Moveworks' revenue?
Before ServiceNow bought it, Moveworks' annual recurring revenue was $100M in November 2024, according to moveworks.com.
Who owns Moveworks?
ServiceNow owns Moveworks. It bought the company for $2.8B in March 2025.
How much funding has Moveworks raised?
Moveworks raised $305M across three funding rounds before ServiceNow bought it. The last was a $200M Series C in June 2021, led by Tiger Global and Alkeon Capital.
How many employees does Moveworks have?
PitchBook estimates Moveworks' headcount at about 650 (2025).
Who founded Moveworks?
Bhavin Shah, Vaibhav Nivargi, Varun Singh and Jiang Chen founded Moveworks in 2016.
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How this page is sourced
7 from public sources · 3 estimates. Founder figures link to the second they were said; public figures name their source; estimates are marked EST and say whose they are. Not financial advice.
Updated Nov 10, 2026Data disclaimerReport a correctionClaim this profileRun Moveworks? Join the podcast