DevRev Raises $100.8 Million in Series A

DevRev Raises $100.8 Million in Series A

DevRev, a Palo Alto, CA-based AI-native platform integrating customer support and product development, has raised $100.8 million in a Series A funding round, bringing its valuation to $1.15 billion.

The round was backed by prominent investors such as Khosla Ventures, Mayfield Fund, and Dheeraj Pandey’s Param Hansa Values, among others.

The company will use the funding to support its ongoing growth.

Founded in October 2020, DevRev is on a mission to build the world’s most customer-centric companies with a focus on essentialism—"less equals better." Led by co-founders Dheeraj Pandey and Manoj Agarwal, DevRev leverages a robust knowledge graph that powers its AgentOS platform, enabling AI-native solutions to streamline customer service and product management. The platform is already trusted by over a thousand customers, including leading SaaS companies and global financial institutions. DevRev is headquartered in Palo Alto, California, with offices in seven global locations.

Funding Details

Company: DevRev Inc.

Raised: $100.8M

Round: Series A

Funding Date: August 2024

Investors: Khosla Ventures, Mayfield Fund, Param Hansa Values

Company Website: https://devrev.ai/

Software Category: Customer Support and Software Development