Vertical AI Agents Cross the $100M ARR Threshold — Sierra ($150M+), Intercom Fin ($100M+), EliseAI ($100M)
AI Funding Tracker / TechCrunch·medium signal
Agent-native companies that sell completed work rather than seats are now at genuine commercial scale: Sierra reports $150M+ ARR within eight quarters of launch (on $950M raised), Intercom's Fin crossed $100M+ ARR resolving ~2M issues/week, and EliseAI sits around $100M ARR on $250M raised. These aren't pilots — they're $100M+ businesses built on outcome pricing in support and vertical workflows, the proof point that the 'one agent per outcome' model can reach incumbent-scale revenue. The architectural pattern: a single branded agent replacing a multi-seat support/CRM deployment.