From SiliconANGLE · Duncan Riley · · 1m 20s
Serval raises $150M at $3B valuation
Serval's $3B valuation funding expands automation beyond IT with 100+ new engineers.
In brief
Serval's $3B valuation funding expands automation beyond IT with 100+ new engineers. Serval raised $150 million at $3 billion valuation to deploy automation agents across HR, finance and legal departments. Originally reported by SiliconANGLE.
Serval raises $150M at $3B valuation
Serval Inc. announced it has raised $150 million in new funding at a $3 billion valuation to bring automation agents beyond information technology.
Automation platform for HR and finance
Serval offers a service management platform where staff describe workflows in plain language and ai agents write automations to resolve employee requests.
Catalyst for repetitive tasks
Catalyst scans support tickets for repetitive tasks and drafts automations for administrators to review before deployment.
ProServal hires 100+ engineers
ProServal plans to hire over 100 automation engineers within 12 months to work on site at large customers.
New offices in NYC, London, Austin
Serval plans to open offices in New York, London and Austin to complement its San Francisco headquarters.
Two Fortune 20 companies deploy automations
Two Fortune 20 companies have signed on to deploy automations across their organizations, joining customers like Fox Corp. and WPP plc.
Serval's growth trajectory
Serval's annual recurring revenue has doubled every quarter since December with most customers up and running within 30 days.
In short
Serval raised $150 million at $3 billion valuation to deploy automation agents across HR, finance and legal departments.
