US Edition
Ex-Salesforce co-CEO Bret Taylor's Sierra is the latest $10 billion AI startup
Sierra's $350 million raise led by Greenoaks Capital marks a $10 billion valuation, reflecting rapid growth and adoption of AI-powered customer service solutions in enterprises.
- Sierra Technologies Inc., an AI startup co-founded by Bret Taylor and Clay Bavor in early 2024, raised $350 million this Thursday at a $10 billion valuation.
- This funding follows earlier rounds totaling $285 million led by Sequoia, Benchmark, and Greenoaks, reflecting strong investor confidence in Sierra's vision and growth.
- Sierra offers enterprise AI solutions including the Agent SDK toolkit and Agent Studio, enabling companies to build scalable, customizable AI agents that improve customer service efficiency.
- Axios reported that Sierra’s annual recurring revenue from its enterprise segment is expected to surpass $100 million, with its platform currently supporting hundreds of clients—including SoFi, Ramp, and Brex—more than half of which generate annual revenues exceeding $1 billion.
- The $10 billion valuation and robust funding illustrate growing demand for AI agents in enterprise, positioning Sierra for continued innovation and expanded market impact.
13 Articles
13 Articles
Bret Taylor’s AI Startup Sierra Reaches $10 Billion Valuation
Sierra Technologies Inc., the artificial intelligence startup founded by OpenAI Chairman Bret Taylor and former Alphabet Inc. executive Clay Bavor, has raised $350 million in a financing round that values the company at $10 billion.
OpenAI Chair’s Conversational AI Startup Raises $350 Million
Sierra, a conversational artificial intelligence startup founded by OpenAI Chair Bret Taylor and former Google executive Clay Bavor, has raised $350 million in new funding for a $10 billion valuation, the founders said Thursday (Sept. 4). The 18-month-old startup offers a platform that enables companies to build and deploy AI-powered chatbots that can answer a variety of questions and even take action for consumers. It’s a step up from…
AI Startup Sierra Raises $350M at $10B Valuation Led by Greenoaks
In the fast-paced world of artificial intelligence startups, Sierra has emerged as a standout player, securing a massive $350 million funding round that catapults its valuation to $10 billion. Founded by Bret Taylor, the current chairman of OpenAI and former co-CEO of Salesforce, and Clay Bavor, a veteran of Alphabet, the company specializes in AI agents designed to revolutionize customer service. This latest infusion, led by Greenoaks Capital, …
Why Do Investors Keep Betting Billions on Bret Taylor?
Who Is Bret Taylor? Bret Steven Taylor has emerged as one of Silicon Valley’s most trusted leaders—a rare operator equally at home in consumer apps, enterprise software, and AI. Today, he is CEO of Sierra, the AI customer service startup recently valued at $10 billion, as well as chairman of OpenAI’s board. He also sits on the board of Shopify, placing him at the nexus of the biggest conversations in technology and commerce. For investors, Taylo…
Coverage Details
Bias Distribution
- 67% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
