Serval raises $150M at a $3B valuation to replace enterprise service software
CEO Jake Stauch says customers are leaving legacy platforms. Serval plans to hire more than 500 people, including automation specialists who will work inside customer organizations.
By Ryan Merket · Published
Primary source: x.com
Why it matters
Serval is raising to replace core enterprise service software, with a services team working alongside customers on deployments. Its $3 billion valuation comes amid company-reported growth and customer adoption, while the company has not disclosed an ARR figure or prices.
Serval raised $150 million in a Series C at a $3 billion valuation. Co-founder and CEO Jake Stauch (@jakeserval) is pitching its AI automation software as a replacement for enterprise service platforms such as ServiceNow. Sequoia Capital led the round. Stauch said on October 29th that it brought Serval's total funding to $277 million.
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