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Sierra Raises $350 Million at $10 Billion Valuation

The AI agent company will channel the new capital into its platform to accelerate expansion into new markets.

Overview

  • Greenoaks led the latest round, which establishes a $10 billion valuation for the company.
  • Sierra has raised $635 million to date, with prior backers including Sequoia, Benchmark, ICONIQ and Thrive Capital.
  • The company builds autonomous customer-service agents that complete tasks on behalf of users.
  • Sierra says its agents already assist hundreds of millions of people with tasks such as refinancing, ordering food and troubleshooting technology.
  • The startup claims hundreds of enterprise customers, citing SoFi, Ramp and Brex among named clients.