Funding Announcement: DevRev Secures $100 Million in Series A Funding to Revolutionize SaaS CRM Solutions

DevRev is thrilled to announce that we have successfully raised $100 million in funding, propelling us towards our mission of revolutionizing how SaaS companies operate. With the support of esteemed investors like Khosla Ventures and Mayfield, we are excited to operate at a valuation of $1.1 billion. This new capital will significantly enhance our capabilities, enabling us to further develop our innovative AgentOS – a unique platform designed to integrate and streamline operations for support, product, and growth teams within SaaS organizations. By converging multiple business applications and teams onto a single platform, AgentOS facilitates greater collaboration and efficiency among end users, sellers, and developers, ultimately reducing customer churn and elevating product velocity. Unlike traditional horizontal CRMs, our approach is tailored specifically for the unique needs of SaaS companies, featuring customizable LLMs and low latency analytics critical for thriving in the GenAI era. DevRev, headquartered in Palo Alto, California, and with a presence in seven global locations, is proud to support thousands of businesses in navigating today’s dynamic landscape. Additionally, we are honored to be recognized on Forbes' 2024 list of America’s Best Startup Employers, a testament to our dedication to fostering an innovative and inclusive workplace. Founded in October 2020 by industry veterans Dheeraj Pandey and Manoj Agarwal, we are eager to continue pushing the boundaries of innovation and helping our clients achieve unprecedented success.