Sierra
B2B SaaS with usage- and outcome-based pricing (pay per successful resolution / per conversation), multi-year enterprise contracts and high-touch implementation; model-agnostic orchestration layer on top of third-party LLMs
Four disclosed primary rounds; total ~$1.585B raised across the C/D/E (plus the ~$110M stealth-emergence round). ~16x valuation step from $1B (Feb 2024) to $15.8B (May 2026) in ~27 months, tracking the ARR ramp from ~$0 to ~$200M. The Feb-2024 ~$1B mark is press-reported and approximate; the Oct-2024, Sep-2025, and May-2026 marks are strongly sourced. No secondary or SPAC events.
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Full financial intelligence for Sierra
Earnings, margins & COGS, the income-statement breakdown, SWOT, moats & dependencies, the supplier–customer ecosystem graph, top signals & trends, and the valuation range.
- Income statement & margin structure
- SWOT, moats & dependency map
- Supplier–customer ecosystem graph
- Signals, trends & valuation range