Sierra raises $950M as the race to own enterprise AI gets serious
Bret Taylor's AI startup Sierra has raised $950 million in a funding round led by Tiger Global and GV, achieving a post-money valuation above $15 billion. The company plans to use the capital to expand its AI platform and become the global standard for AI-powered customer experiences, citing rapid growth and adoption among Fortune 50 companies. Sierra is also broadening its capabilities with tools like Ghostwriter, which autonomously builds AI agents based on natural language descriptions.
- ▪Sierra raised $950 million, pushing its post-money valuation above $15 billion.
- ▪The company claims over 40% of the Fortune 50 are now customers and its AI agents handle billions of interactions.
- ▪Sierra launched Ghostwriter, an 'agent as a service' tool that creates specialized agents from natural language prompts.
- ▪Uber reported that 10% of its code is now generated autonomously using AI tools.
- ▪Sierra hit $150 million in annual recurring revenue by early February, up from $100 million in late November.
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Bret Taylor’s AI startup Sierra is raising a $950 million funding round led by Tiger Global and GV, the company announced Monday, pushing its post-money valuation above $15 billion. The raise gives Sierra more than $1 billion to work with — capital the company says it will use to become the “global standard” for AI-powered customer experiences. Like a lot of AI companies, Sierra has, smartly, been very proactive in touting its own growth in a crowded market. The company says it started with just four design partners a couple of years ago.
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