You might know him as the former co-CEO sales force or the CTO of Facebook, now the chair of Open AI.

But Brett Taylor's other AI startup, Sierra, just announced a new funding round today.

Kate Rooney had a chance to sit down with Taylor and she joins us this morning.

Morning, Kate.

Good morning, Carl.

So we did break that news earlier that Brett Taylor's AI startup Sierra is now raising nearly a billion dollars in a new funding round

that pushes its valuation to almost $16 billion.

It's up from $10 billion just in the fall.

This company makes AI customer service agents.

Taylor, of course, also opening as chairman and then the former Salesforce co-CEO.

You mentioned CTO of Facebook as well.

He told me a little bit earlier that his latest company, Sierra, topped $150 million in

ARR.

They are also shaking up the traditional software subscription model.

It is a different way of charging.

Customers only pay this company if the AI agent completes the task.

If you go back ancient history, you know, the year 2000, you know, with the birth of the

internet, you got a new business model, which was cloud or software as a service, which

meant you subscribed to the software rather than buying a perpetual license to the software.

Technologies do bring these new business models.

We think with AI agents, because they can

autonomously complete a task, why not pay for a job well done? Why pay for the effort? And, you know,

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