Serval has raised $150 million in Series C financing at a $3 billion valuation as the AI-native enterprise service management company expands its automation platform across large organizations. Sequoia led the round, which increased Serval’s total funding to $277 million.
Existing investors Elad Gil, Evantic, First Round, General Catalyst, and Redpoint participated alongside new investors Conviction and Headline.
The financing represents Serval’s third funding round in approximately 12 months, following its Series A announcement in October 2025 and a $75 million Series B in December 2025.
Serval is developing Catalyst, an automation agent that allows employees across IT, human resources, finance, security, legal, and other departments to automate workflows without an engineering background.
The company is also launching ProServal, a professional services organization that plans to place more than 100 Automation Engineers inside large enterprises over the next year.
Serval said its annual recurring revenue has doubled every quarter since the Series B.
The company recently onboarded two Fortune 20 customers for organization-wide deployments, while other customers include Fox Corporation, WPP, Live Nation, Ramp, Notion, and Lucid Motors.
Most customers reportedly go live within 30 days.
Serval also said an automotive manufacturer replaced ServiceNow with its platform in 45 days, migrating IT service management, configuration management, hardware asset management, software asset management, and other workflows.
The company has expanded its workforce tenfold over the past 12 months and plans to hire more than 500 additional employees across functions.
New offices are planned for New York City, London, Austin, and additional markets.
KEY QUOTES:
“Serval gives all employees, beyond just engineers, a powerful code generation tool that allows them to automate their least fulfilling work.”
Alex McLeod, Co-Founder And CTO Of Serval
“Serval is winning over major enterprises, becoming their system of record, and taking on their most critical workflows.”
Anas Biad, Partner At Sequoia
“We’re pioneering this role, and we’re hiring a hundred people to do it.”
Jake Stauch, Co-Founder And CEO Of Serval
