OpenAI Chairman’s Startup Raising Funds at Over $4 Billion Value
- Taylor’s Sierra’s in talks for hundreds of millions of dollars
- The former Salesforce co-CEO focuses on enterprise AI
Bret Taylor
Photographer: Michaela Vatcheva/BloombergThis article is for subscribers only.
OpenAI Chairman Bret Taylor’s Sierra is in talks to secure new funding at a $4 billion-plus valuation, a person familiar with the deal said, underscoring sustained investor interest in AI despite concerns about ballooning startup price tags.
Sierra, co-founded last year with former Google executive Clay Bavor, is raising hundreds of millions of dollars in its latest round, the person said, asking to remain anonymous as the deal hasn’t closed. That would more than triple Sierra’s valuation from a January deal that made it a unicorn.