Khosla Ventures Backs AI Startup DevRev at $1.15 Billion Value

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.

Co-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 ...