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February 15, 2024 - Deals
Sequoia Capital And Benchmark Invest $110M In AI Startup Sierra Valued At $1 Billion
RAISE
IMAGE: Bret Taylor & Clay Bavor
DATE: 02/13/2024
COMPANY: Sierra
INVESTORS: Sequoia Capital & Benchmark
AMOUNT: $110,000,000
VALUATION: $1,000,000,000
NOTE: Enterprise AI startup Sierra, co-founded by OpenAI's chairman and a Google veteran, is raising $85M at a near-$1 billion valuation. Sequoia Capital leads the round, valuing the company amidst booming investor interest in AI solutions. The company aims to tackle critical business challenges with AI and has gained traction despite emerging recently. Co-founders Bret Taylor and Clay Bavor bring impressive experience, previously leading at Salesforce and Google respectively. This news comes alongside Elon Musk's AI firm seeking $6 billion in funding, highlighting the intense investment activity in the AI landscape.
HQ: #SanFrancisco #California
#VentureCapital #BretTaylor #ClayBavor #Sierra #SequoiaCapital #Benchmark #TradedVC
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Puppy Sphere Secures Seed Round Of $24 Million From Strategic Investors Including The School Of Hard KnocksPuppy Sphere (@ThePuppySphere), a New York-based wellness brand centered on the human-animal bond, has raised a Seed round from a group of strategic investors including The School of Hard Knocks, Tobi Oluwole, Jake Fleshner, Torch Collective, former Massage Envy CEO David Humphrey, and other founders and operators. Founded by Francesca Albo and Lea Burbidge Izquierdo, Puppy Sphere has scaled its puppy yoga concept into a broader experiential wellness platform with 13 studios, corporate wellness programs, brand partnerships, and live activations, serving more than 450,000 customers and partnering with companies including Google, Amazon, Netflix, TikTok, and the NBA.
FUN FACT: Puppy Sphere was born from two Canadian founders’ own mental health journeys and has since grown into 13 studios across North America, $14M+ in cumulative revenue, and 450,000+ customers, all without outside capital. Along the way, the brand has welcomed names like Sabrina Carpenter, Simu Liu, Trevor Noah and Alessia Cara, while building a broader wellness platform around the gentle power of puppy therapy. Now Puppy Sphere is opening its cap table for the first time through a strategic angel round, bringing together leaders across media, consumer growth and wellness, including The School of Hard Knocks, former Massage Envy CEO David Humphrey, growth entrepreneur Tobi Oluwole, and Nucleus Network co-founder Jake Fleshner, alongside a broader group of strategic founders and operators. The vision: bring the gentle power of puppy therapy across the globe.
FOUNDERS: Francesca Albo (@FrancescaaAlbo), Lea Burbidge Izquierdo (@LeaburbIz)
INVESTORS: The School of Hard Knocks (@TheSchoolofHardKnockz), Tobi Oluwole (@TheTobiOluwole), Jake Fleshner (@JakeFleshner) Torch Collective, Heather Stark, Will Bodewes, Craig Zingerline & more
ROUND: Seed
VALUATION CAP: $24,000,000
HQ: New York, New York
#VentureCapital #PuppySphere #TradedPartner #FrancescaAlbo #TradedVC