Bret Taylor’s AI Firm to Get Funds at Near-$1 Billion Value
Jan 26, 2024 - bloomberg.com
OpenAI Chairman Bret Taylor is reportedly close to securing new investment for Sierra, an AI startup he co-founded last year, which could value the company at nearly $1 billion. Sequoia Capital is expected to lead the $85 million investment round, according to an anonymous source.
Taylor, a former Salesforce co-CEO and current OpenAI board member, founded Sierra with a former Google colleague. The enterprise-focused AI startup declined to comment on the potential deal, as did Sequoia Capital.
Key takeaways:
OpenAI Chairman Bret Taylor is close to finalizing new investment for Sierra, an AI startup he co-founded.
Sequoia Capital is expected to lead an $85 million investment in Sierra.
The deal would value the company at almost $1 billion.
Taylor is a former Salesforce co-CEO and an OpenAI board member.
