I’m excited to share that Moveworks has recently surpassed $100 million in annual recurring revenue.
This gives us the unique distinction of being one of the first genAI enterprise application startups to reach this milestone.
I want to thank all of our Movesters. Your vision and determination have led us down a road where we are now trusted to bring AI transformation to employees across the biggest companies in the world.
As businesses have digitized, work has become very complex. The tools that were designed for efficiency have multiplied and now even finding the right application can slow work down. We have built something the world needs more than ever. And that shows in our growth and now our scale.
Our mission is to give companies an agentic AI Copilot that unifies all business systems into one conversational interface. When employees have a single place to turn to they are more productive, businesses reduce costs, and the tangible results are measurable.
Reflecting on our journey, it’s clear that ever since ChatGPT launched nearly two years ago, CIOs have encountered a flood of AI tools promising to solve various challenges. However, many of these solutions have fallen short of their lofty claims, leaving leaders frustrated. We take pride in the tangible benefits our customers experience with Moveworks, which consistently stand in stark contrast to the overhyped promises seen in the market.
If you know me, you know that I like to spend moments like this, not looking back at what got us here, but rather thinking about what possibilities lay ahead.
Our platform’s success and unique capabilities are not the result of a single innovation like using a frontier LLM or unique prompting techniques. To serve enterprise customers at scale these organizations demand many prerequisites: A truly purposeful and conversational AI assistant, powered by agentic reasoning that can plan and execute actions based on user goals; permission-aware connectors that can find information as well as automate tasks; a powerful developer platform for building new agents; deep analytics to govern and manage the Copilot; enterprise grade security, trust, and guardrails. Moveworks is the combination of all of these capabilities and more and that has made our company the go-to partner for companies who seek to drive transformation of their businesses with genAI.
And instead of just relying on what we have built so far we continue to invest in the platform, extend its capabilities, and scale. This milestone empowers us to drive our ambitions even further. Our upcoming innovations make the next six months the most exciting since we founded the company.
Thank you to our millions of users across hundreds of enterprise customers who rely on us daily to help their teams stay focused, competitive, and innovative. Companies like Broadcom, Github, Hearst, Honeywell, Instacart, Jamf, Leidos, Palo Alto Networks, Pinterest, and Toyota, just to name a few, have placed their trust in us. We’re excited to continue this journey with you and the many others who have reached out looking for the same AI transformation.
See how companies like Broadcom and Honeywell are transforming with Moveworks — explore our customer stories.
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