AI startup Serval valued at $1 billion after Sequoia-led $75 million Series B

Summary

San Francisco-based Serval, which uses AI to automate IT support and broader internal workflows, raised a $75 million Series B round led by Sequoia, boosting its valuation to $1 billion just three months after its previous raise. The company says it now automates more than half of IT tickets for customers and plans to scale its 30‑person team to over 100 next year as demand grows from enterprises and other AI startups using its platform to handle help-desk and onboarding tasks. ([investing.com](https://www.investing.com/news/stock-market-news/ai-startup-serval-valued-at-1-billion-after-sequoialed-round-to-expand-it-automation-4402898?utm_source=openai))