--- title: Serval raises $150m at $3bn valuation to replace... description: Serval raised $150m in a Series C led by Sequoia, valuing the AI agent startup at $3bn, three times its $1bn valuation from December. CEO Jake Stauch told... canonical: https://daily.dev/posts/serval-raises-150m-at-3bn-valuation-to-replace-servicenow-with-ai-agents-ov3zckij8 twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: Serval raises $150m at $3bn valuation to replace ServiceNow with AI agents | daily.dev og:description: Serval raised $150m in a Series C led by Sequoia, valuing the AI agent startup at $3bn, three times its $1bn valuation from December. CEO Jake Stauch told... og:url: https://daily.dev/posts/serval-raises-150m-at-3bn-valuation-to-replace-servicenow-with-ai-agents-ov3zckij8 og:image: https://api.daily.dev/og/posts/OV3ZcKIJ8.png og:image:alt: Serval raises $150m at $3bn valuation to replace ServiceNow with AI agents og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # Serval raises $150m at $3bn valuation to replace ServiceNow with AI agents **[The Next Web](https://daily.dev/sources/tnw)** · 3 min read · 0 upvotes · 0 comments ## Summary Serval raised $150m in a Series C led by Sequoia, valuing the AI agent startup at $3bn, three times its $1bn valuation from December. CEO Jake Stauch told Reuters the company is 'a true alternative replacement for platforms like ServiceNow', not just an added AI layer. Serval's agents automate IT, HR, finance, security and legal support tasks, and the company says one 10,000-person car maker, later confirmed as Lucid Motors, fully replaced ServiceNow in 45 days. ServiceNow says it still has a 98% renewal rate, but its shares fell as much as 25% on the same day, its biggest intraday drop since 2012. Serval has now raised $277m total and plans to hire over 500 people. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Questions this post answers ### How much did Serval raise in its Series C funding round and at what valuation? Serval raised $150m in a Series C round led by Sequoia, valuing the company at $3bn. That's three times the $1bn valuation it reached in December 2025 when it raised $75m. The round brings Serval's total funding to $277m, with existing investors Elad Gil, Evantic, First Round, General Catalyst and Redpoint participating alongside new investors Conviction and Headline. _daily.dev tracks funding rounds like this for anyone watching the AI automation market take shape._ ### Which company fully replaced ServiceNow with Serval's AI agents? Lucid Motors, a 10,000-person car maker, moved its entire organization from ServiceNow to Serval in 45 days, described by Serval's CEO as a 'full rip and replace'. Serval automates employee support workflows across IT, HR, finance, security and legal teams, with an automation agent called Catalyst that lets non-engineers build workflows in code. _developers weighing ServiceNow alternatives can follow real migration case studies through daily.dev._ ### Did ServiceNow's stock drop after Serval's funding announcement? Yes, ServiceNow shares fell as much as 25% on the day of Serval's announcement, its biggest intraday drop since it listed in 2012, after its bookings outlook missed forecasts. ServiceNow countered that it maintains a 98% renewal rate and said inbound interest from first-time customers is up 60%. _anyone tracking enterprise SaaS disruption can follow ServiceNow and its AI-agent challengers on daily.dev._ ## Similar posts on daily.dev - [ServiceNow projects $30bn by 2030, with a third of ACV from AI](https://daily.dev/posts/servicenow-projects-30bn-by-2030-with-a-third-of-acv-from-ai-vcfwjqge9) · The Next Web · 0 upvotes · 0 comments - [Sierra raises $950M as the race to own enterprise AI gets serious](https://daily.dev/posts/sierra-raises-950m-as-the-race-to-own-enterprise-ai-gets-serious-prttjiwaq) · TechCrunch · 1 upvotes · 0 comments - [Better customer experiences. Built on Sierra](https://daily.dev/posts/better-customer-experiences-built-on-sierra-qzsfolwzn) · Hacker News · 0 upvotes · 0 comments --- Tags: [#ai-agents](https://daily.dev/tags/ai-agents), [#automation](https://daily.dev/tags/automation), [#venture-capital](https://daily.dev/tags/venture-capital) [View this post on daily.dev](https://daily.dev/posts/serval-raises-150m-at-3bn-valuation-to-replace-servicenow-with-ai-agents-ov3zckij8) ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://daily.dev/#organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180},"sameAs":["https://twitter.com/dailydotdev","https://github.com/dailydotdev","https://www.linkedin.com/company/daily-dev-ltd"]},{"@type":"WebSite","@id":"https://daily.dev/#website","url":"https://daily.dev","name":"daily.dev","publisher":{"@id":"https://daily.dev/#organization"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://daily.dev/search?q={search_term_string}"},"query-input":"required name=search_term_string"}}]} {"@context":"https://schema.org","@type":"TechArticle","headline":"Serval raises $150m at $3bn valuation to replace ServiceNow with AI agents","url":"https://daily.dev/posts/serval-raises-150m-at-3bn-valuation-to-replace-servicenow-with-ai-agents-ov3zckij8","mainEntityOfPage":{"@type":"WebPage","@id":"https://daily.dev/posts/serval-raises-150m-at-3bn-valuation-to-replace-servicenow-with-ai-agents-ov3zckij8"},"datePublished":"2026-10-29T17:57:36.707Z","dateModified":"2026-10-29T19:27:53.601Z","description":"Serval raised $150m in a Series C led by Sequoia, valuing the AI agent startup at $3bn, three times its $1bn valuation from December. 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That's three times the $1bn valuation it reached in December 2025 when it raised $75m. The round brings Serval's total funding to $277m, with existing investors Elad Gil, Evantic, First Round, General Catalyst and Redpoint participating alongside new investors Conviction and Headline. daily.dev tracks funding rounds like this for anyone watching the AI automation market take shape."}},{"@type":"Question","name":"Which company fully replaced ServiceNow with Serval's AI agents?","acceptedAnswer":{"@type":"Answer","text":"Lucid Motors, a 10,000-person car maker, moved its entire organization from ServiceNow to Serval in 45 days, described by Serval's CEO as a 'full rip and replace'. Serval automates employee support workflows across IT, HR, finance, security and legal teams, with an automation agent called Catalyst that lets non-engineers build workflows in code. developers weighing ServiceNow alternatives can follow real migration case studies through daily.dev."}},{"@type":"Question","name":"Did ServiceNow's stock drop after Serval's funding announcement?","acceptedAnswer":{"@type":"Answer","text":"Yes, ServiceNow shares fell as much as 25% on the day of Serval's announcement, its biggest intraday drop since it listed in 2012, after its bookings outlook missed forecasts. ServiceNow countered that it maintains a 98% renewal rate and said inbound interest from first-time customers is up 60%. anyone tracking enterprise SaaS disruption can follow ServiceNow and its AI-agent challengers on daily.dev."}}]} ```