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AI Harness' ARR Multiples How does the market value an AI harness? We now have enough data points to draw some initial conclusions. Harvey, Legora & Sierra each announced crossing $100m in annual recurring revenue within nine months of each other, & Ramp & Decagon bracket them…↗

·@ttunguz·Aug 10, 2026·essay·ai-harness·arr-multiples·harvey·legora

Welcome to the Token Casino It’s not a secret that the Labs make more money when you spend tokens. But your company wins when you ship more product and get paying customers. A casino analogy isn’t perfect. Casinos are built around negative-sum games; AI agents can create real v…↗

Sierra is raising $950 million from new and existing investors, led by Tiger Global and GV, at a valuation of over $15 billion. We now have more than $1 billion to invest in becoming the global standard for companies wanting to transform their customer experiences with AI.  We’v…↗

Today, Sierra is releasing Ghostwriter, our agent for building agents. With Ghostwriter, you can create an AI agent for your customer experience — one that can chat, pick up the phone, speak dozens of languages, take action on your systems of record, and be protected with industr…↗