Serval raises $150 million at $3 billion valuation

San Francisco-based AI startup Serval has raised $150 million in a Series C funding round led by Sequoia. This latest investment triples the company’s valuation from $1 billion in December to $3 billion, bringing its total funding to date to $277 million.

Serval develops Catalyst, an AI agent platform designed to automate workplace workflows. While initially focused on IT operations—such as managing employee access, software provisioning, and troubleshooting—the company plans to expand the platform into human resources, finance, security, and legal departments. Serval positions its technology as a direct alternative to legacy enterprise service-management platforms like ServiceNow and Workday.

The company intends to use the new capital to scale its Catalyst product and build ProServal, a professional services arm. Serval also announced plans to hire more than 500 employees over the next year, including over 100 automation engineers to assist large businesses with process redesign.