Moov, a data-fueled marketplace for used semiconductor manufacturing equipment, today welcomed David Arkow as the company’s head of global sales. The hiring of Arkow further expands the leadership team at Moov, which in April announced Rajiv Chegu as the company’s head of operations and Andrew Wolstan as the company’s general counsel and head of corporate development.
Moov is on a mission to accelerate global manufacturing, research and development and technological progress by fundamentally improving the supply chain. Moov’s digital marketplace is rapidly approaching $4 billion in active listings for used semiconductor equipment, and Moov recently announced end-to-end services to make buying and selling even easier. Moov’s intelligent management software facilitates the buying and selling of used semiconductor manufacturing equipment for enterprise customers.
Arkow, who will be based at Moov’s new headquarters in Tempe, Arizona, joins an executive team that comprises co-founder and CEO Steven Zhou, co-founder and Managing Director Maxam Yeung, Head of Technology Nick Griffith, Head of Finance James Qiu, Head of Customer Success Raymond Mahon and Chegu and Wolstan.
“We are excited to have secured David to lead sales and business development globally for Moov,” Zhou said. “David’s a force to be reckoned with in the world of sales, and has successfully scaled enterprise-sales organizations at multiple hyper-growth companies. David’s combination of results and culture-driven leadership are fully aligned with our values at Moov. We could not have found a better individual to lead our global sales organization.”
Arkow is a veteran sales leader with experience at early-stage startups and mature organizations across the e-commerce, fintech, insurtech and pharma industries. He brings to Moov an invaluable skill set that includes building and scaling strategic sales organizations, implementing scalable sales operations and cultivating team cultures that attract top talent.
Most recently, Arkow served for two years as vice president of sales at New York City-based Mulberry Technology, an e-commerce Series B-stage product company. There, Arkow quadrupled revenue in his first 12 months. Prior to joining Mulberry, Arkow spent more than seven years at Trustpilot — where he rose to become director of sales — an online-reviews platform headquartered in Copenhagen, Denmark. Arkow helped lead the company from its Series A-phase to its 2021 IPO on the London Stock Exchange. He built and ran Trustpilot’s U.S. West Coast sales division, and was Trustpilot’s No. 1 global seller. His performance earned Arkow three Trustpilot President’s Club awards. He earned a business certificate from Columbia University in New York City and earned a bachelor’s degree in business from Ithaca College in New York.
“David was a legend at Trustpilot, both as the company’s top seller, and as a leader building and scaling their west coast sales organization,” Zhou added. “David has proven experience leading sales organizations from early stage through IPO. Moov is on an accelerated growth trajectory, and David has experience and know-how to lead Moov’s sales organization through this growth because he’s done it before.”
Zhou said with Arkow part of the team, Moov will be able to augment the speed and efficiency of its transactions, its customer service, value-added services and account management quality and availability.
“Moov continues to attract top talent,” Zhou said. “We have become the clear market leader within our segment. Growth continues to accelerate for Moov. As a result, companies are increasingly turning to us for all their used-equipment buy, sell and management needs and opportunities.”
Moov is uniquely positioned to solve a problem identified by a U.S. Department of Commerce January report: Less-advanced chips are feeling supply shortages most keenly; they are produced by equipment often no longer in production — an obstacle compounded by the fact that no unified secondary market for equipment exists. The scarcity of semiconductor equipment and parts have resulted in the worst supply-chain delays in decades, extending chip manufacturers’ wait times up to 18 months.
In May, the company announced its real-time logistics tracking and virtual equipment inspections offering and 100% insurance coverage on purchased equipment during transit. It boasts an ecosystem of aftermarket services including tracking, digital inspections and refurbishing within its portal.
Moov is eliminating purchase risk for manufacturers looking to diversify their supply chain strategy by sourcing used equipment with its no-questions-asked, money-back guarantee, according to SEMI, the California-based global association that represents the electronics and supply-chain design industries.
Moov’s new headquarters in the 100 Mill building in Tempe, Arizona, will command the entire 16th floor, spanning about 32,000 square feet. The 18-story tower is among the premier commercial real estate locations in Greater Phoenix. Amazon and Deloitte also are building tenants. Moov will employ more than 150 total employees by the end of this year.
Customers utilizing the Moov platform include Applied Materials, Western Digital, Maxim Integrated, KLA and Microchip.