Serval raises $150m Series C at $3bn valuation
Sequoia Capital leads the round as Serval plans more than 500 hires for enterprise automation.
Serval announced a $150 million Series C on October 29, led by Sequoia Capital, at a $3 billion valuation. Participants include Elad Gil, Evantic Capital, First Round Capital, General Catalyst, Redpoint, Tenacity Capital, Conviction and Headline.
The company’s Catalyst agent creates governed automations from business requirements across departments including IT, HR and finance. Serval plans to hire more than 500 people over the next year, including over 100 automation engineers for ProServal, its professional services operation.
Use of funds
Hire more than 500 employees over the next 12 months
Build ProServal professional services and enterprise automation capabilities