×
DevRev secures $100.8M Series A to transform customer support with AI
Written by
Published on
Join our daily newsletter for breaking news, product launches and deals, research breakdowns, and other industry-leading AI coverage
Join Now

AI startup secures major funding: DevRev, an AI-native enterprise software company, has raised $100.8 million in Series A funding, achieving unicorn status with a valuation of $1.15 billion.

  • The funding round was led by Khosla Ventures, with participation from Mayfield Fund, Param Hansa Values, U First Capital, and various accelerators, family offices, and angel investors.
  • DevRev’s success highlights the growing potential and investor interest in AI-native enterprise software solutions.

Revolutionizing customer support and product development: DevRev’s AgentOS platform aims to transform how businesses integrate and benefit from AI in customer support and product development processes.

  • The platform offers seamless 1-click data migration from legacy systems and deploys lightweight AI agents to streamline operations.
  • DevRev’s mission is to break down barriers between developers, customers, and revenue, enabling the creation of customer-conscious products and businesses.

Innovative approach to developer-customer interaction: Founded in October 2020 by former Nutanix executives, DevRev is remodeling how businesses connect developers directly with customers and revenue.

  • The company’s knowledge graph powers its AgentOS, delivering AI-native solutions that streamline customer service, product management, and software engineering.
  • DevRev’s platform analyzes structured and unstructured data, allowing developers to connect their code directly to production issues and customer interactions.
  • AI-driven agents automate enterprise workflows, reducing manual effort, enhancing operational efficiency, and accelerating response times.

Addressing technology complexity: DevRev’s approach tackles the issue of siloed departments, data, and workflows that often result in poor customer experiences and inefficient product development.

  • The company utilizes AI-on-Knowledge Graphs, combining generative AI with an organization’s systems mapped into Knowledge Graphs.
  • This approach provides context and definition to AI systems, enabling more accurate search results and powering systems of action across organizations.

Key features of DevRev’s Knowledge Graph platform:

  • Creates an interdependent network of customer, user, product, employee, work, and usage records.
  • Enables organizations to gain deep organizational insights, increase focus on customer impact, boost operational efficiency, and enhance customer experience.
  • Integrates data from major system of record applications in real-time, providing a comprehensive view of the organization’s operations.

Industry recognition and adoption: DevRev’s platform is gaining traction across various industries and company sizes.

  • The company has attracted customers from all major geographies, including global leading players in AI, SaaS, and financial services.
  • Investors recognize DevRev’s potential to enable AI adoption in enterprises and its innovative approach to organizational structure.

Broader implications: DevRev’s success and approach to AI-native enterprise software could signal a shift in how businesses integrate AI into their operations.

  • The focus on breaking down internal silos and fostering greater collaboration across companies may lead to more efficient and customer-centric organizations.
  • As AI adoption continues to grow, DevRev’s model of combining AI with Knowledge Graphs could become increasingly important for organizations looking to fully leverage the potential of AI technologies.
DevRev raises $100.8 million in Series A funding and becomes an AI unicorn at a $1.15 billion valuation

Recent News

Deutsche Telekom unveils Magenta AI search tool with Perplexity integration

European telecom providers are integrating AI search tools into their apps as customer service demands shift beyond basic support functions.

AI-powered confessional debuts at Swiss church

Religious institutions explore AI-powered spiritual guidance as traditional churches face declining attendance and seek to bridge generational gaps in faith communities.

AI PDF’s rapid user growth demonstrates the power of thoughtful ‘AI wrappers’

Focused PDF analysis tool reaches half a million users, demonstrating market appetite for specialized AI solutions that tackle specific document processing needs.