Sierra Acquires French Startup Fragment For $4.5 Billion With Sequoia And Benchmark Support

Sierra, the $4.5 billion AI customer service startup led by Bret Taylor, has acquired YC-backed French startup Fragment in its first M&A move, signaling արագ consolidation in the AI agent space. The deal brings Fragment’s multilingual conversational AI tech and engineering team into Sierra’s platform as it competes with players like Intercom and Zendesk, while following a recent funding round backed by Sequoia and Benchmark that pushed Sierra to a $4.5 billion valuation. FOUNDERS: Bret Taylor & Clay Bavor HQ: San Francisco, California #VentureCapital #Sierra #BretTaylor #ClayBavor #TradedVC

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Colossal Biosciences In Talks For Funding Round Targeting $23 Billion ValuationColossal Biosciences, the de-extinction biotech startup known for its efforts to recreate the woolly mammoth and other extinct species, is reportedly in talks to raise new funding at a valuation of roughly $23 billion–$24 billion, according to Axios. The potential raise would mark a significant jump for the five-year-old company, with investors valuing not only its genetic-engineering programs but also its broader genomics, reproductive technology, conservation, and intellectual property platform. Colossal has begun generating revenue through conservation technology sales and technology spinouts, including Astromech, an AI-driven predictive modeling company, and Form Bio, a computational biology platform, expanding its value beyond de-extinction efforts. FOUNDERS: Ben Lamm & George Church TARGET VALUATION: $23,000,000,000 HQ: Dallas, Texas #VentureCapital #ColossalBiosciences #BenLamm #GeorgeChurch #TradedVC