Bret Taylor's AI startup Sierra raises funding at $4.5 billion valuation [CNBC]
ServiceNow, Inc. (NOW)
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Source: CNBC
The $175 million round was led by Greenoaks Capital, with participation from ICONIQ and Josh Kushner's Thrive Capital. One in every three venture dollars this year has gone to an artificial intelligence startup, according to CB Insights. Artificial intelligence startup Sierra, co-founded by ex- Salesforce co-CEO Bret Taylor, is more than quadrupling its valuation to $4.5 billion in a fresh funding round. The San Francisco-based company, which was valued at $1 billion in January, raised $175 million in a funding round led by Greenoaks Capital. The Information reported earlier this month that Sierra was in the midst of raising capital. Taylor is chairman of OpenAI's board and previously ran Salesforce, alongside Marc Benioff. He was also chairman of Twitter when Elon Musk was negotiating to buy the social media company. Taylor is a longtime entrepreneur, widely credited with helping to create Google Maps. At Google , he met his Sierra co-founder Clay Bavor, who spent nearly two
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