AI startup Serval valued at $1 billion after Sequoia-led round to expand IT automation

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AI-powered IT support startup Serval has raised $75 million in a Series B funding round led by Sequoia, achieving a $1 billion valuation just three months after its previous funding round, the company told Reuters.

The new funding brings Serval’s total capital raised to $127 million. The San Francisco-based company was valued at $232 million in August, according to PitchBook data. The jump in valuation over the past three months underlines the strength of investor interest in companies that use AI to challenge established players like ServiceNow and…



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AI startup Serval valued at $1 billion after Sequoia-led round to expand IT automation



AI-powered IT support startup Serval has raised $75 million in a Series B funding round led by Sequoia, achieving a $1 billion valuation just three months after its previous funding round, the company told Reuters.

The new funding brings Serval’s total capital raised to $127 million. The San Francisco-based company was valued at $232 million in August, according to PitchBook data. The jump in valuation over the past three months underlines the strength of investor interest in companies that use AI to challenge established players like ServiceNow and…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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