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Serval was valued at $3 billion in its $150 million Series C led by Sequoia, announced on 29 October 2026.

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Serval is a US software company that sells an AI platform for IT service management, where employees and IT teams describe automations in plain language and AI agents resolve requests.

Image Serval published with the announcement covered in this story — Serval raises $150 million Series C led by Sequoia at a $3 billion valuation

AI Business & Funding2 Nov 2026, 07:32 UTC

Serval, an AI platform for IT and enterprise service management, raised a $150 million Series C led by Sequoia at a $3 billion valuation on 29 October 2026.

Summary

Serval announced on 29 October 2026 a $150 million Series C led by Sequoia at a $3 billion valuation, its third round in about twelve months and three times the valuation of its December 2025 Series B. Total funding is now $277 million. The company, which pitches its AI service management platform as a ServiceNow replacement, plans to hire more than 500 people, including over 100 automation engineers for a new services arm.

About Serval

Serval is a US software company that sells an AI platform for IT service management, where employees and IT teams describe automations in plain language and AI agents resolve requests. Co-founder Jake Stauch is chief executive. In October 2026 it raised a Sequoia-led Series C at a 3 billion dollar valuation and pitched itself against ServiceNow.

Reviewed 2 Nov 2026

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Facts at a glance

Type: AI-native IT and enterprise service management platform
Co-founder and CEO: Jake Stauch source
Latest round: $150 million Series C led by Sequoia, 29 October 2026 source
Valuation: $3 billion (Series C, October 2026) source
Total funding: $277 million, company figure source
Previous round: $75 million Series B at a $1 billion valuation, December 2025, led by Sequoia source

Questions people ask

What does Serval do?: Serval sells an AI platform for IT and enterprise service management. Teams describe automations in plain language and AI agents handle employee requests such as access, software and help desk tickets.
How much is Serval worth?: Serval was valued at $3 billion in its $150 million Series C led by Sequoia, announced on 29 October 2026.

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Serval raises $150 million Series C led by Sequoia at a $3 billion valuation