💸 Sierra’s $350M raise

What we’ll cover today:

💸 Sierra’s monster $350M raise at $10B

🤳 Snapchat’s Imagine Lens turns prompts into pics

📢 SaaS leaders calling AI agents the new cloud

Sierra raises $350M at a $10B valuation 🚀

Bret Taylor (ex Salesforce) and Clay Bavor (ex Google) built Sierra, an AI customer service startup. Now it’s worth $10B.

🚨Breaking News
Sierra just raised $350M led by Greenoaks Capital, joining SoFi, Ramp, and Brex as customers. The startup is barely 18 months old.

⚡Wire Simplified –

• Sierra helps companies build AI powered customer service agents.

• Investors poured $350M, valuing it at $10B.

• Big names like SoFi, Ramp, and Brex are already using it.

• Founded in 2024, Sierra has raised $635M so far.

• It is also running a “Google style” grad program giving newbies big responsibilities.

✔️Straight to the Point
AI agents are hot, and Sierra is cashing in. For grads, it is jobs. For investors, it is billions. For rivals? Stress.

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Snapchat’s new AI Lens makes your snaps wild 🤳✨

Snapchat, the app where teens spam streaks, just launched Imagine Lens, an AI tool that creates images from your text prompts.

🚨Breaking News
Snapchat+ Platinum and Lens+ users can now type prompts like “turn me into a comic” and instantly get AI made snaps.

⚡Wire Simplified –

• Imagine Lens lets you create images using text prompts.

• Examples: grumpy cat, alien selfies, or comic strips.

• Subscription costs: $15.99 (Platinum) or $8.99 (Lens+).

• Built with Snap’s in house + industry AI models.

• Expands Snap’s push into AR + AI after launching video AI Lenses earlier this year.

✔️Straight to the Point
Snapchat is mixing AI and AR for fun filters. Cool for creators, pricey for subs, and risky for Instagram copycats.

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