AI Agent Startup Sierra Raises $350 Million at $10 Billion Valuation
Summary
AI agent startup Sierra secures $350 million in funding at a $10 billion valuation, with the company founded by former Salesforce co-CEO Bret Taylor serving hundreds of enterprise customers and tracking toward over $100 million in recurring revenue.
Key Points
- Sierra raises $350 million in funding at a $10 billion valuation, with Greenoaks Capital leading the investment round
- The AI agent startup, founded by former Salesforce co-CEO Bret Taylor and ex-Google executive Clay Bavor, provides software toolkits for companies to create AI agents
- Sierra serves hundreds of enterprise customers with over half generating $1 billion in annual sales, and enterprise recurring revenue is on track to exceed $100 million