Khosla Ventures Backs AI Startup DevRev at $1.15 Billion Valuation

Full Article

DevRev Inc., an AI-driven startup focused on customer support, has successfully raised $100 million in funding. This investment round, led by Khosla Ventures, has elevated the company's valuation to $1.15 billion. Co-founded by Dheeraj Pandey, who previously co-founded Nutanix, DevRev aims to enhance operational efficiency for support, product, and engineering teams through AI technology.

The funding will likely accelerate DevRev's growth and innovation in the AI space. By leveraging artificial intelligence, the startup seeks to streamline processes and improve customer interactions, which is increasingly vital in today's competitive market. This investment reflects a growing trend of venture capital flowing into AI startups, highlighting the sector's potential.

• DevRev raised $100 million, achieving a $1.15 billion valuation.

• AI technology aims to enhance efficiency in customer support and engineering.

Key AI Terms Mentioned in this Article

Artificial Intelligence

DevRev utilizes AI to improve the efficiency of support and engineering teams.

Customer Support

DevRev's AI solutions are designed to enhance customer support operations.

Operational Efficiency

DevRev's offerings aim to boost operational efficiency through AI integration.

Companies Mentioned in this Article

DevRev

The company aims to improve efficiency for support, product, and engineering teams.

Khosla Ventures

Khosla Ventures led the recent funding round for DevRev, highlighting its commitment to AI innovation.

Nutanix

Dheeraj Pandey, co-founder of DevRev, also co-founded Nutanix, showcasing his expertise in technology.

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