The landscape of computational building blocks of efficient image restoration architectures is dominated by a combination of convolutional processing and various attention mechanisms. However, convolutional filters are inherently local and therefore struggle at modeling long-range dependencies in images. On the other hand, attention excels at capturing global interactions between arbitrary image regions, however at a quadratic cost in image dimension. In this work, we propose Serpent, an architecture that leverages recent advances in state space models (SSMs) in its core computational block. SSMs, originally introduced for sequence modeling, can maintain a global receptive field with a favorable linear scaling in input size. Our preliminary results demonstrate that Serpent can achieve reconstruction quality on par with state-of-the-art techniques, while requiring orders of magnitude less compute (up to $150$ fold reduction in FLOPS) and a factor of up to $5\times$ less GPU memory while maintaining a compact model size.