Serval raises $150 million for enterprise workflow automation

Enterprise AI is moving from answering questions to building and running business workflows.

What happened

Serval announced a $150 million Series C led by Sequoia, at a $3 billion valuation. Its Catalyst product uses AI agents to translate business requirements into code-based workflows across enterprise functions.

Why it matters

The opportunity lies in reducing the work needed to create and maintain automations. Winning important workflows also requires permissions, dependable execution and a clear return on deployment costs.

The bigger picture

AI automation companies increasingly compete with established service-management and workflow platforms. Customer migrations and sustained use will be more revealing than the size of the financing.