Fortune Term Sheet· Nick Lichtenberg·2026-10-30 02:34· 2 hours agoTop DealsAI Score88

Serval raises $150M Series C at $3B valuation to challenge ServiceNow

‘It was just a fight that we decided to pick’: Serval raises $150 million at a $3 billion valuation to take on ServiceNow

AI Overview

Serval raised a $150 million Series C led by Sequoia at a $3 billion valuation, its third round in 12 months and $277 million total.

Why it matters

Serval's rapid back-to-back raises and ServiceNow's counter-launch show how AI-native workflow startups are being priced against incumbents.

Source:Fortune Term Sheet · fortune.com

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