Sesame Funding, Investors & Competitors

Sesame has raised $308M across 3 funding rounds, most recently a $250M Series B in October 2025.

Last Sesame funding round

$250M

Series B · Oct 2025

Cumulative funding Sesame raised

$308M

across 3 funding rounds

Key investors in Sesame

  • Spark Capital
  • Andreessen Horowitz
  • Sequoia Capital
  • SV Angel
  • Matrix Partners
  • SignalRank
  • BIG Ventures

Sesame Overview

About Sesame

San Francisco-based Sesame is an AI voice technology company developing conversational agents for healthcare, customer service, and personal assistance. The startup integrates natural language processing, speech synthesis, and emotion recognition to power HIPAA-compliant virtual nurses and multilingual chatbots. Collaborating with Stanford University on ethical AI frameworks, Sesame deploys pilots in U.S. hospitals for patient triage and appointment reminders.


Founded

2022

HQ

United StatesSan Francisco, CA

Website

sesame.com

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Sesame Funding History

Sesame has raised a total of $308M across 3 funding rounds.

Sesame's first fundraising round was a $10M seed round in September 2023. The most recent completed round was a $250M Series B in October 2025.

Sesame funding rounds

Sesame funding rounds
DateStageInvestorsRaisedDeal Summary
Oct 2025Series BSequoia Capital (lead); Spark Capital (lead); SignalRank$250MSesame AI, founded by former Oculus co-founder and CEO Brendan Iribe and Ankit Kumar, is a conversational AI startup developing personal AI agents with natural, human-like voice interaction embedded in lightweight, fashion-forward smart glasses for all-day wear. The team includes Oculus veterans such as Nate Mitchell as chief product officer, Hans Hartmann, Ryan Brown, and Angela Gayles. The company emerged from stealth in February 2025 with demos of AI voices 'Maya' and 'Miles,' which attracted over one million users and generated more than five million minutes of conversation in the first few weeks. On October 21-22, 2025, Sesame raised $250 million in a Series B funding round co-led by Sequoia Capital and Spark Capital, with additional undisclosed investors, bringing total funding to $307.6 million. This follows a $47.5 million Series A led by Andreessen Horowitz in early 2025 and a $10.1 million seed round in 2023. The funding will advance development of its AI companion and stylish eyewear integrating voice-native agents. Sesame has launched a closed beta for its iOS app, offering early access to 'search, text, and think' AI capabilities, with testers required to maintain confidentiality. The company focuses on creating an effortless, human-like AI interface for everyday use, emphasizing emotional intelligence and sensory perception. Its open-source CSM-1B model has garnered over 2,000 stars on Hugging Face as of mid-2025, indicating developer interest. Competitively, Sesame differentiates from voice AI players like ElevenLabs, which focuses on content creation and voice cloning, by prioritizing always-on wearable companions.
Nov 2023Series AAndreessen Horowitz (lead); SV Angel; Spark Capital; BIG Ventures; Matrix Partners$48MSesame is an AI company developing a conversational speech model (CSM) and AI companions like Maya and Miles, aiming to redefine human-computer interaction through emotional intelligence, always-on wearables, and hands-free productivity tools, founded by Brendan Iribe (Oculus co-founder/CEO) and Ankit Kumar (ex-Discord AI lead, Ubiquity6). The targeted funding round matches Sesame's $47.5 million Series A led by Andreessen Horowitz, with participation from Spark Capital, Matrix Partners, BIG Ventures, and others including SV Angel, closing around November 2023 to February 2025 per reports, following a $10.1 million seed in September 2023, for total funding near $57 million at that point. Funds are allocated to accelerate R&D, expand engineering and design teams, enhance product offerings including open-source CSM-1B models, hosted APIs, and forthcoming AI-powered wearables, while scaling operations and market penetration to humanize computing and create intuitive digital partners. Traction includes viral demos, over 2K stars on Hugging Face for its models, and media buzz, positioning Sesame in the competitive AI/ML sector against players like ElevenLabs (voice tech) amid hot investor interest, with reports of a follow-on ~$200-250M round at $1B-$1.5B valuation in April-October 2025 led/co-led by Sequoia and Spark.
Sep 2023Seed-$10M-

Who has invested in Sesame?

7 investors have backed Sesame across its funding rounds, including Spark Capital, Andreessen Horowitz, Sequoia Capital, SV Angel, Matrix Partners and SignalRank.

Lead investors include Sequoia Capital, Spark Capital and Andreessen Horowitz.


Sesame Investors

Investors in Sesame by funding rounds participated
InvestorHQRoundsRoleFirst check
Spark CapitalUnited StatesSan Francisco, CA2LeadNov 2023
SV AngelUnited StatesSan Francisco, CA1ParticipantNov 2023
BIG VenturesUnited StatesSan Francisco, CA1ParticipantNov 2023
Matrix PartnersUnited StatesBoston, MA1ParticipantNov 2023
Andreessen HorowitzUnited StatesSan Francisco, CA1LeadNov 2023

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Sesame Competitors

Sesame competitors include listed companies like Snowflake and Z.ai, and private ones like Anthropic, OpenAI, DeepSeek and Cognition.

Public and private companies comparable to Sesame
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
AnthropicUnited StatesSan Francisco, CAPrivate$47B-$965B20.5x
OpenAIUnited StatesSan Francisco, CAPrivate$25B-$852B34.1x
SnowflakeUnited StatesUnited StatesPublicly listed$4.7B($1.3B)$119B21.0x
DeepSeekChinaHangzhouPrivate--$50B-
CognitionUnited StatesSan Francisco, CAPrivate$900M-$48B53.3x
Z.aiChinaChinaPublicly listed$108M($658M)$46B65.9x

Sesame Public Comps

Sesame is still privately-owned, but its public comps include Palantir, Snowflake, Z.ai, IonQ, MiniMax Group, Presight AI, Affle 3i, Ncino, Haizhi and C3.ai.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Palantir$4.5B$1.5B92.6x58.1x285.0x97.4x
Snowflake$4.7B($1.3B)25.6x21.0x(94.1x)121.7x
Z.ai$108M($658M)422.9x65.9x(69.4x)(73.0x)
IonQ$130M($531M)109.9x40.3x(26.9x)(39.1x)
MiniMax Group$79M($1.9B)131.8x-(5.5x)-
Presight AI$825M$214M6.3x5.4x24.4x20.8x
Affle 3i$282M$67M7.4x6.7x31.3x29.5x
Ncino$595M$65M4.3x4.0x39.0x15.8x

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Common questions about Sesame

When was Sesame founded?Sesame was founded in 2022.
Where is Sesame headquartered?Sesame is headquartered in San Francisco, CA, United States.
Is Sesame publicly listed?No, Sesame is a private, VC-backed company.
How much funding has Sesame raised?Sesame has raised $308M across 3 funding rounds.
What was Sesame's last funding round?Sesame's last funding round was a $250M Series B in October 2025, led by Sequoia Capital and Spark Capital.
Who are Sesame's investors?Sesame's investors include Spark Capital, SV Angel, BIG Ventures, Matrix Partners, Andreessen Horowitz, Sequoia Capital and SignalRank.
Which companies are comparable to Sesame?Companies comparable to Sesame include Anthropic, OpenAI, Snowflake, DeepSeek, Cognition and Z.ai.

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