Serval Achieves $1 Billion Valuation After Sequoia-Led $75M Series B
Photo by Darius Bashar on Unsplash
Serval, an AI-driven IT automation startup, secured $75 million in Series B funding led by Sequoia Capital, valuing the company at $1 billion and raising total funding to $127 million. The funds will be used to grow its teams and the company's AI assistant automates tasks across departments, automating over 50% of IT tickets for customers like Perplexity and Together AI, resulting in a reported 500% revenue increase.
Key takeaways
- AI-driven IT automation startup Serval has closed a $75 million Series B funding round led by Sequoia Capital, achieving a valuation of $1 billion
- This latest investment brings Serval's total funding to $127 million
- The company plans to utilize the capital to expand its go-to-market and engineering teams, projecting headcount growth from under 30 to over 100 employees in the coming year
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