Palo Alto-based DevRev, an AI-native platform, has successfully raised $100.8 million in Series A funding, achieving a valuation of $1.15 billion. The funding round was led by prominent investors including Khosla Ventures, Mayfield Fund, and Param Hansa Values, a family office associated with Dheeraj. This investment marks DevRev's entry into the AI unicorn club, highlighting a growing trend in venture capital investments focused on artificial intelligence. In a separate development, Rewst Inc., an automation platform startup, secured $45 million in new funding, also led by Sapphire Ventures, further underscoring the robust interest in AI-driven technologies.