# DevRev

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/devrev

- Industry: Software
- Headquarters: Palo Alto, US
- Website: www.devrev.ai
- Total disclosed funding: $151M
- Latest round: Series A (Jul 10, 2024)
- Investors on record: 3

## About

Based in the US, DevRev, Inc. operates as an AI solutions provider focused on optimizing company data for improved business functionality and operational efficiency.DevRev, Inc. offers a suite of conversational AI solutions designed to improve company data's actionability. Founded in 2020 in Palo Alto, US by Dheeraj Pandey and Manoj Agarwal, the firm has secured a total of USD 100.825 mn across 3 funding deals. The most recent funding round was a Series A of USD 100.825 mn, led by Khosla Ventures on July 10, 2024, with participation from Mayfield Fund, resulting in a current company valuation of USD 1,919.705 mn.DevRev provides a range of conversational AI solutions that enhance data accessibility across business functions. Main products include DevRev Search for consolidating information, an in-app SDK for AI-driven customer experiences, a Support App for modernizing customer support, and a Build App that accelerates product development cycles. The company serves various sectors, focusing on technology-driven startups and established enterprises across North America, Europe, and Asia-Pacific.DevRev’s revenue is derived from subscription models for its product suite, which includes proprietary technologies such as Airdrop. Clients subscribe on annual or monthly bases, gaining access to tailored solutions aimed at improving customer experience and operational efficiencies. Partnerships with businesses seeking to enhance product development also contribute to its revenue streams.In July 2024, DevRev, Inc. raised USD 100.825 mn in Series A funding, which will be utilized to enhance its AI technology, aimed at improving efficiency among support, product, and engineering teams. The company is also exploring expansion into new geographic markets, targeting regions in Europe and Asia by the end of 2025. Upcoming product launches are intended to further enhance user engagement and operational effectiveness.

## Funding rounds

- Series A, Jul 10, 2024, $101M — Mayfield Fund, Khosla Ventures
- Seed, Jul 14, 2021, $50M — Mayfield Fund, Khosla Ventures, Alumni Ventures Group

## Investors

- Mayfield Fund (https://capitalatlas.ai/funds/mayfield-fund) — Seed, Series A
- Khosla Ventures (https://capitalatlas.ai/funds/khosla-ventures) — Seed, Series A
- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Seed