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

Customer relationship software firm DevRev has raised $100.8 million in series A funding round from Khosla Ventures and others, as interest in firms utilizing artificial intelligence continues to grow.

The latest funding round has brought the Palo Alto-based company’s valuation to $1.15 billion, marking its entry into the unicorn club.

The AI boom has reinvigorated venture capital funding, with investors making significant bets on AI startups in hopes of substantial returns from widespread AI adoption.