AI startup Serval becomes unicorn after raising $75 million
Serval, a San Francisco-based AI startup founded in 2024, just hit unicorn status after raising $75 million in Series B funding led by Sequoia Capital.
This brings their total funding to $127 million and boosts their valuation from $232 million in August to a cool $1 billion.
The new cash is set to fuel more growth and tech upgrades.
What does Serval actually do?
Serval's platform uses AI to automate over half of all IT support tickets, streamlining work for teams in IT, HR, legal, and finance.
Some companies have managed up to 80% automation within just a day of using it.
Since August, Serval's revenue has jumped 500%, thanks to businesses eager to ditch old-school IT systems.
What's next for Serval?
With fewer than 30 employees right now, Serval plans to grow its team past 100 by next year—mostly hiring engineers and go-to-market pros.
CEO Jake Stauch is especially excited about their "vibe coding" feature, which lets admins build automations using everyday language while keeping things secure.
The platform can either replace legacy IT systems or add smart automation on top of them.