Khosla Ventures Backs AI Startup DevRev at $1.15 Billion Valuation
Summary
(Bloomberg) -- DevRev Inc., a startup using artificial intelligence for customer support and other tasks, raised $100 million from Khosla Ventures and other investors in round that valued the company at $1.15 billion. None How a Tiny Midwestern Town Became a Mecca for Modern ArchitectureCo-founded in 2020 by Chief Executive Officer Dheeraj Pandey, who also helped start Nutanix Inc., DevRev says its offerings use AI to improve the efficiency of employees on support, product and engineering teams.In an interview with Bloomberg, Pandey said the technology will help make workers more efficient. Humans can get their nights and weekends back, he said.In addition to Khosla Ventures, the Mayfield Fund participated in the financing for the startup. He also called the companys work so far picture-perfect execution, adding that he expects DevRev to eventually have an initial public offering. None What Happens When Ozempic Takes Over Your Town None Nate Silver Wants to Teach You How to Be a Better Gambler None Made-in-China Goes Upscale as a New Generation of Brands Battles Slowdown None Why Leaders Have a Hard Time Knowing When to Leave