Serval raises $150M Series C at a $3B valuation led by Sequoia
Serval, which sells AI agents that automate IT and other internal service requests, has raised a $150M Series C at a $3B valuation led by Sequoia, and will push into HR, finance and legal.
Serval, which sells AI agents that automate IT and other internal service requests, has raised a $150M Series C at a $3B valuation led by Sequoia. The company plans to push its automation agents beyond IT into HR, finance, security and legal teams, putting it in more direct competition with ServiceNow. (Serval via Business Wire; SiliconANGLE)
Conviction and Headline joined as new investors, alongside returning backers Redpoint, General Catalyst, First Round, Evantic and Elad Gil. The round brings total funding to $277M and follows a $75M Series B in December 2025 at a $1B valuation. Serval did not disclose revenue but says annual recurring revenue has doubled each quarter since its Series B, and that two Fortune 20 companies signed on in recent months. (SiliconANGLE)
The company is also launching ProServal, a services unit that will place more than 100 automation engineers inside large customers, and says it plans to add more than 500 staff. (Serval via Business Wire)