- Published on October 10, 2024
- In Deep Tech
AI Startup Sierra Valued at $4 Billion in Funding
OpenAI chairman, Bret Taylor’s AI startup is in talks to secure funding, valuing the company at $4 billion.
- By Sanjana Gupta
AI startup Sierra reportedly seeks over $4 billion valuation in funding, which would quadruple the company’s valuation compared to its $1 billion deal earlier this year. Growth-stage Greenoaks Capital is likely to participate in the funding round.
The California-based company, launched in 2023, was co-founded by Bret Taylor and Clay Bavor. Taylor co-created Google Maps and served as Facebook’s CTO before becoming a chairperson of OpenAI. Bavor previously spent 18 years at Google, leading Google Labs, Project Starline and Google Lens.
This funding signifies the start of high investment prices by various investment firms. They are willing to pay for shares in startup AI firms with less revenue, especially those founded by Silicon Valley veterans.
What is Sierra?
Sie
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Sanjana Gupta
An information designer by training, Sanjana likes to delve into deep tech and enjoys learning about quantum, space, robotics and chips that build up our world. Outside of work, she likes to spend her time with books, especially those that explore the absurd.
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