AI agent startup Sierra nears $350 million round at $10 billion valuation

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AI agent startup Sierra is close to raising $350 million in new funding, with Greenoaks Capital set to lead the round, according to Axios. The deal would value Sierra at $10 billion.

The company is also expected to cross $100 million in enterprise annual recurring revenue, the report said.

Sierra last raised $175 million in October 2024, in a round also led by Greenoaks, at a $4.5 billion valuation. Thrive Capital and Iconiq also participated in that round.

Founded in 2023 by former Salesforce co-CEO and current OpenAI chair Bret Taylor, along with…



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AI agent startup Sierra nears $350 million round at $10 billion valuation



AI agent startup Sierra is close to raising $350 million in new funding, with Greenoaks Capital set to lead the round, according to Axios. The deal would value Sierra at $10 billion.

The company is also expected to cross $100 million in enterprise annual recurring revenue, the report said.

Sierra last raised $175 million in October 2024, in a round also led by Greenoaks, at a $4.5 billion valuation. Thrive Capital and Iconiq also participated in that round.

Founded in 2023 by former Salesforce co-CEO and current OpenAI chair Bret Taylor, along with…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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