Bret Taylor’s AI Startup Sierra Valued at $4.5 Billion

Bloomberg10-29

(Bloomberg) -- Sierra Technologies Inc., the artificial intelligence startup founded by OpenAI Chairman Bret Taylor and former Alphabet Inc. executive Clay Bavor, has raised $175 million in a ...

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to dot-com-era behemoths such as Alphabet’s Google. He cautioned that the industry is also rife with “a lot of snake oil.”The round was led by Greenoaks Capital Partners, with participation from Thrive Capital, Iconiq Capital and existing investors, a spokesperson said. Sierra makes AI customer service tools for brands like ADT Inc., the home security company, and Casper Sleep Inc., the mattress company. Bloomberg previously reported that a new funding round was imminent.©2024 Bloomberg L.P.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2479499559"}