San Francisco-based Serval has raised $150m in a Series C round led by Sequoia, reaching a $3bn valuation. That is three times the $1bn valuation it hit in December with a $75m round. Serval aims to replace ServiceNow in enterprise workflows with AI agents.
Serval raised $150m in a Series C round led by Sequoia. The round values the company at $3bn.
That is three times the $1bn valuation it reached in December, when it raised $75m. In other words, the company's value tripled in roughly 10 months.
Serval aims to compete with ServiceNow in enterprise service management. Its approach is to hand these kinds of workflows over to AI agents.
The round was announced via a blog post and a press release. Co-founder and CEO Jake Stauch commented in the announcement.
Investor interest in AI agents for enterprise software is growing. Serval tripling its valuation in a short time shows the scale of both the competition and the expectations in this space.
The reshaping of enterprise software by AI agents is a key investment and competition signal for tech followers. Serval's rapid valuation jump makes the market's expectations concrete.
