Tech
AI startup Serval valued at $1 billion after Sequoia-led round to expand IT automation
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AI-powered IT support startup Serval has raised $75 million in a Series B funding round led by Sequoia, achieving a $1 billion valuation just three months after its previous funding round, the company told Reuters.
The new funding brings Serval’s total capital raised to $127 million. The San Francisco-based company was valued at $232 million in August, according to PitchBook data. The jump in valuation over the past three months underlines the strength of investor interest in companies that use AI to challenge established players like ServiceNow and…
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