Sierra is an enterprise-focused AI startup. OpenAI chairman Brett Taylor and the previous Google executive clay baveris reportedly aiming to achieve unicorn status with new investments.
Sequoia Capital It values Sierra at nearly $1 billion and is expected to lead an $85 million funding round, according to Bloomberg. report Friday (January 26), citing anonymous sources.
According to the report, the AI industry is attracting significant attention and capital from investors around the world, due in part to the success of OpenAI’s ChatGPT.
This has sparked enthusiasm among investors in both the US and China, leading to increased use of the internet for AI ventures and projects exploring growth potential, the report said.
According to the report, co-founders Taylor and Bavor aim to use Sierra to apply AI to address important business challenges. Despite recently coming out of stealth mode, the Sierra is already making a big splash in the market.
Mr. Taylor Dismissal and rehiring According to company CEO Sam Altman. Previously, sales force before leaving the company in November and returning to his entrepreneurial roots. He also played a key role in Elon Musk’s acquisition of the company. twitter In 2022.
Bavor joined Google in 2005, where he was a manager for Gmail and Google Drive, and began running the company’s virtual reality division in 2015, according to the report. According to his LinkedIn profile, he left Google in March and co-founded a new company the same month.
Another AI company’s recent funding round included French AI startup Mistral AI raised $415 million in December, giving it a valuation of about $2 billion. Founded by researchers from Google and Meta, Mistral AI specializes in open source software for chatbots and generative AI tools, and quickly rose to prominence in the European AI startup scene.
A report on Sierra’s efforts was published on the same day in the Financial Times (FT). Said Elon Musk’s AI startup, xAIis in talks with investors around the world and aims to raise $6 billion at a proposed valuation of $20 billion. Musk launched xAI in June, and xAI introduced a chatbot called Grok in November.
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