{"version":1,"type":"story","url":"https://digestai.news/story/serval-raises-150m-series-c-at-3b-valuation-to-hire-500","json":"https://digestai.news/story/serval-raises-150m-series-c-at-3b-valuation-to-hire-500.json","markdown":"https://digestai.news/story/serval-raises-150m-series-c-at-3b-valuation-to-hire-500.md","slug":"serval-raises-150m-series-c-at-3b-valuation-to-hire-500","headline":"Serval raises $150M Series C at $3B valuation to hire 500+","summary":"Serval, an enterprise automation platform, announced a $150 million Series C funding round on October 29, 2026, led by Sequoia. The round valued the company at $3 billion, marking its third funding round in 12 months. Investors included Elad Gil, Evantic, First Round, General Catalyst, Redpoint, Conviction, and Headline, with Sequoia leading again after backing the Series B in December 2025, which raised $75 million at a $1 billion valuation.\n\nServal’s platform, called Catalyst, lets non-engineers build and run code-based workflows for IT, security, HR, finance, and legal teams. The company claims its AI agents convert business needs into deterministic tools with guardrails, permissions, and approvals. Serval says it replaces ServiceNow for large enterprises, citing a 45-day migration by an automotive manufacturer. Annual recurring revenue has doubled every quarter since the Series B, with two Fortune 20 companies joining in the past six months.","keyPoints":["Platform automates workflows for IT, HR, finance, and legal teams without coding"],"whyItMatters":"Serval’s AI-driven automation platform targets large enterprises replacing legacy tools like ServiceNow, offering a unified system for workflows across departments. Its rapid revenue growth and hiring plans signal strong demand for enterprise AI tools.","category":{"slug":"enterprise","name":"Enterprise & Industry","url":"https://digestai.news/category/enterprise"},"entities":{"companies":["Serval","Sequoia","ServiceNow","Verkada","Fox Corporation","WPP"],"models":[],"people":["Jake Stauch","Alex McLeod","Elad Gil"]},"firstPublishedAt":"2026-10-29T12:49:26Z","updatedAt":"2026-10-29T13:55:01Z","sourceCount":2,"hasPrimarySource":false,"sources":[{"outlet":"Unite.AI","title":"Serval Raises $150M Series C at $3B Valuation to Hire Over 500","url":"https://unite.ai/serval-raises-150m-series-c-at-3b-valuation-to-hire-over-500","publishedAt":"2026-10-29T12:49:26Z","type":"press","primary":false,"lead":true},{"outlet":"reuters.com","title":"Serval, which offers AI agents for enterprise IT operations like access management, raised $150M led by Sequoia at a $3B valuation, up from $1B in December 2025","url":"https://reuters.com/business/serval-triples-valuation-3-billion-businesses-adopt-ai-workflow-automation-2026-10-29","publishedAt":"2026-10-29T13:55:01Z","type":"press","primary":false,"lead":false}],"sourceNotes":null,"discussions":[],"thread":null,"cite":{"text":"Digest AI, \"Serval raises $150M Series C at $3B valuation to hire 500+\", 29 October 2026, https://digestai.news/story/serval-raises-150m-series-c-at-3b-valuation-to-hire-500","publisher":"Digest AI","title":"Serval raises $150M Series C at $3B valuation to hire 500+","datePublished":"2026-10-29T12:49:26Z","url":"https://digestai.news/story/serval-raises-150m-series-c-at-3b-valuation-to-hire-500"},"generatedBy":"Written by Digest AI's editorial model from the linked sources; the sources are the record.","license":"Headlines, digests and key points are written by Digest AI and may be quoted with a link to the story page. Linked articles belong to their publishers. Terms: https://digestai.news/terms#reuse"}