Serval announces $150 million Series C to expand AI automation beyond IT

Serval co-founder and CEO Jake Stauch announced a Sequoia-led $150 million Series C at a $3 billion valuation. Duncan Riley of SiliconANGLE reports that Serval's automation software has moved beyond IT help desks into HR, finance and legal work, with a customer-facing engineering unit planned. Stauch says the company intends to hire more than 500 people over the next year and claims some customers are replacing legacy platforms.