Serval raised a US$150 million Series C led by Sequoia at a US$3 billion valuation. Serval provides an enterprise service management and automation platform. The round brought total funding to US$277 million and included existing investors Elad Gil, Evantic, First Round, General Catalyst, and Redpoint, plus new investors Conviction and Headline.
Funding history
Serval announced a Series A in October 2025. It followed that with a US$75 million Series B in December 2025. The new Series C is its third round in 12 months.
Enterprise adoption
Serval has doubled annual recurring revenue each quarter since the Series B. It recently onboarded two Fortune 20 customers for organization-wide automations. Other customers include Fox Corporation, WPP, Live Nation, and Ramp.
Automation tools and services
Serval is investing in Catalyst, its automation agent for IT, HR, Finance, Security, and Legal teams. It also launched ProServal, a professional services arm. ProServal will place more than 100 Automation Engineers inside large organizations.
Serval plans to add more than 500 people across all functions. It will open offices in New York City, London, Austin, and beyond. Most customers go live within 30 days.