OpenAI Chair's Sierra may hit $100M ARR, valued at $10B in 2 years
The “Shopify of Energy” grows $1M to $5.5M ARR in Just 8 Months
Anthropic has officially announced its $13 billion Series F funding round, co-led by Iconiq, Fidelity, and Lightspeed, bringing its post-money valuation to $183 billion.
The disclosed numbers are indeed impressive:
RRR has reached $5 billion, up from just $1 billion at the beginning of this year; the company now serves over 300,000 enterprise customers, with the number of large clients spending more than $100,000 annually growing 7x over the past year.
Additionally, Claude Code is showing explosive momentum—its RRR has already surpassed $500 million, with usage increasing tenfold in just three months.
Anthropic CFO Krishna Rao said they are witnessing exponential growth in demand across their customer base.
Sierra reached a $10B valuation in 2 years
Meanwhile, Sierra, the AI customer service product co-founded by OpenAI Chairman Bret Taylor, reportedly closed a new financing round after last October’s $175 million raise at a $4.5 billion valuation.
This new round raised $350 million, instantly pushing Sierra’s valuation to $10 billion, with Greenoaks Capital—the lead investor from the previous round—said to be leading again.
If confirmed, that would mean Sierra reached a $10 billion valuation in just two years, likely making it the first AI customer agent to do so.
Sierra’s ARR is around $100 million, which puts its valuation-to-revenue multiple at 100x—arguably excessive.
After all, another AI customer agent Crescendo has already surpassed $100 million ARR as well, yet its valuation stands at only $500 million, while raised $50 million in October 2024, led by General Catalyst.
In June, Sierra announced that it had several hundred customers, primarily large enterprises, with 15% of them generating over $10 billion in annual revenue and 50% generating over $1 billion.
The “Shopify of Energy” grows $1M to $5.5M ARR in Just 8 Months
Most of renewable energy installations are carried out by small and medium-sized installers, yet these businesses lack sophisticated tools for financing, sales, and customer management.
Hence, the opportunity for the AI-powered "Shopify of Energy" arises: an operating system that connects every stakeholder in the transition: installers, homeowners, manufacturers, energy suppliers, and investors.
