Briefs · Entrepreneurship
Sierra Raises $950 Million, the Week's Largest Round by a Long Shot
The week’s biggest cheque went to the company teaching machines to talk to customers.
Sierra raised $950 million. It was the largest funding round of the week by a long shot.
The San Francisco firm builds AI tools for customer experience. Google Ventures and Tiger Global led the round. The three-year-old company was valued at $15 billion.
That is a remarkable price for a toddler. Sierra is not a chatbot, but rather a workforce in waiting.
The rest of the top ten shared the leftovers. Astranis took $455 million for satellites. Anagram took $250 million for a rare-disease pill. Together, the ten rounds passed $2.5 billion.
Investors are no longer buying demos. They are buying a bold billion-dollar bet on machines that resolve complaints, not merely route them.
Read the original at Crunchbase News
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