Serval has raised $150m in a Series C round led by Sequoia, valuing the San Francisco company at $3bn. That is three times the $1bn valuation it reached in December, when it raised $75m.

Serval announced the round on Thursday in a blog post and a press release . Co-founder and chief executive Jake Stauch spoke to Harshita Mary Varghese of Reuters about the product.

“It’s not an additional layer of AI spend on top of your existing system of record, it is a true alternative replacement for platforms like ServiceNow,” Stauch told Reuters.

What Serval does

Serval makes AI agents that automate employee support work. It started with IT tasks such as managing staff access, troubleshooting, and keeping track of software and hardware. The company says customers now also use it in HR, finance, security and legal teams.

Its automation agent, Catalyst, lets staff with no engineering background build workflows in code.…