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DevRev raises over $100 million in Series A, joins AI unicorn Club

Economic Times · 7m

DevRev, a customer relationship software firm, has raised $100.8 million in series A funding, led by Khosla Ventures. The Palo Alto-based company's valuation now stands at $1.15 billion, making it a newly-minted unicorn. The increasing interest in artificial intelligence has fueled venture capital funding in AI startups, which reached $24 billion in Q2 2022, according to Crunchbase. DevRev, founded in 2020, offers AI-driven customer relationship software that connects various stakeholders on a single platform. The company's CEO, Dheeraj Pandey, emphasized the importance of building trust with users through design in the AI space.