The content below was curated by our experts using CBI Instant Insights, a one-click AI analysis and summarization tool. Click on company profiles for more details and sourcing information.
NOTABLE DEALS
OpenAI | $6.6B Unattributed VC at $157B valuation
- OpenAI raised $6.6B, increasing its valuation to $157B.
- The funding involves plans for a restructuring that would turn OpenAI into a for-profit entity and remove control from the non-profit board.
- Round investors: Thrive Capital (Lead), Altimeter Capital, and 9 more
Sierra | $175M Series B-II at a $4.5B valuation
- Sierra, co-founded by OpenAI board chairman Bret Taylor, develops AI-powered virtual agents for enterprise customer service and support.
- Sierra’s revenue has exceeded $20M annualized.
- Round investors: Greenoaks (Lead), ICONIQ Capital, and Thrive Capital
