Serval, a startup that uses AI to help employees automate IT support and other office work, has raised $150 million in a Series C funding round at a $3 billion valuation.
Sequoia Capital led the round, with participation from Elad Gil, Evantic, First Round, General Catalyst, and Redpoint, Serval said Thursday. Conviction and Headline joined as new investors.
The valuation has tripled since Serval raised a $75 million Series B at a $1 billion valuation in December 2025. Sequoia also led that round.
The Series C brings Serval's total funding to $277 million. Earlier funding included a $47 million Series A led by Redpoint, announced in October 2025, which took its total funding at the time to $52 million.
Founded in 2024, Serval is led by co-founder and CEO Jake Stauch and co-founder and chief technology officer Alex McLeod. The two previously worked together in product and engineering at physical security technology provider Verkada, according to an investor account published on Serval's website. Serval started with IT support before expanding into human resources, finance, legal, and other departments.
"Serval will use the new capital to answer what it sees as the defining question for the enterprise in the AI era: what happens when every department can use AI the way software engineers do? AI coding tools have already transformed how engineering teams work, and Serval is bringing that same power to the rest of the company," the startup said.
What does Serval do?
Employees can ask Serval to automate tasks such as giving someone access to software or setting up accounts for a new hire. Serval's AI agent Catalyst writes the code from given instructions or builds automations from existing documents and past requests.
Serval said it is investing heavily in Catalyst so employees in IT, HR, finance, security, legal, and beyond can automate work, with no engineering background required.
"Serval gives all employees, beyond just engineers, a powerful code generation tool that allows them to automate their least fulfilling work," said McLeod.
Customers include Fox Corporation, WPP, Live Nation and Ramp. Serval said two Fortune 20 businesses joined in the past six months but did not identify them. Serval said an automotive manufacturer replaced its main competitor ServiceNow with its platform in 45 days, but did not name the customer.
Annual recurring revenue has doubled every quarter since the Series B, according to Serval. It did not disclose the amount.
The startup plans to hire more than 500 people over the next 12 months. More than 100 will be automation engineers for ProServal, its new professional services business, working with customers to automate tasks and change existing processes.