Khosla Ventures Backs AI Startup DevRev at $1.15 Billion Valuation
Aug 10, 2024 - news.bensbites.com
DevRev Inc., an AI startup specializing in customer support, has raised $100 million in a funding round led by Khosla Ventures, pushing the company's valuation to $1.15 billion. The company was co-founded in 2020 by CEO Dheeraj Pandey, who also co-founded Nutanix Inc.
DevRev's AI technology is designed to enhance the efficiency of support, product, and engineering teams within businesses. The company aims to streamline these processes, making them more effective and cost-efficient.
Key takeaways:
DevRev Inc., an AI startup, raised $100 million from Khosla Ventures and other investors.
The funding round valued the company at $1.15 billion.
The company was co-founded in 2020 by CEO Dheeraj Pandey, who also co-founded Nutanix Inc.
DevRev's products use AI to enhance the efficiency of support, product, and engineering teams.
