# Serval

> AI-native enterprise service management designed to replace legacy ITSM systems

## Why it is interesting

Serval is pursuing the larger and harder outcome of replacing ServiceNow rather than remaining an AI assistant layered on top of it.

## Profile

- **Latest funding:** Series C — $150 million (October 29, 2026)
- **Latest known valuation:** $3 billion post-money, as reported by Fortune (October 29, 2026)
- **Total disclosed equity funding:** $277M
- **Stage:** growth
- **Status:** private
- **Industries:** ai-ml, enterprise-saas
- **Coverage:** full
- **Last updated:** 2026-10-30T03:17:00Z
- **Latest funding investors:** Sequoia Capital, Elad Gil, Evantic, First Round Capital, General Catalyst, Redpoint Ventures, Conviction, Headline

## Key facts

- Raised $150 million at a $3 billion valuation on October 29, 2026, taking disclosed funding to $277 million.
- Serval says Lucid Motors replaced ServiceNow across several workflows in 45 days; Reuters identified Lucid as the customer.
- The company says ARR doubled every quarter since its Series B but has not disclosed absolute ARR.

## Funding history

- Series C · $150 million · October 29, 2026
  Source: https://www.serval.com/blog/we-raised-150m-to-make-everyone-a-builder
- Series B · $75 million · December 11, 2025
  Source: https://www.serval.com/blog/serval%E2%80%99s-next-chapter-raising-75m-to-build-the-new-era-of-enterprise-automation-and-service-management
- Series A · $47 million · October 21, 2025
  Source: https://www.serval.com/blog/series-a
- Prior funding · $5 million implied from the company's $52 million cumulative total after its $47 million Series A
  Source: https://www.serval.com/blog/series-a

## Investors in our directory

- https://venturecapitaltracker.com/fund/sequoia
- https://venturecapitaltracker.com/fund/redpoint-ventures
- https://venturecapitaltracker.com/fund/first-round-capital-nyc
- https://venturecapitaltracker.com/fund/general-catalyst

## Related articles

- https://venturecapitaltracker.com/serval-150m-series-c-3b-valuation

**By:** [Venture Capital Tracker](https://venturecapitaltracker.com/editorial-policy)
**Last updated:** October 30, 2026

**Editorial note:** AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.

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Source: https://venturecapitaltracker.com/startup/serval