Sierra Acquires Takeoff, Building Long-Horizon Agent Platform Called Horizon
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Sierra announced it is acquiring Takeoff, a company that has grown from $0 in annual recurring revenue at the start of the year to nearly eight figures in revenue as of earlier this month. Financial terms of the transaction were not disclosed. Together, the two companies are building a new platform called Horizon. Takeoff spent the past 14 months building what it describes as a long-horizon agent runtime designed to let AI agents operate like humans while scaling like software. According to Takeoff co-founder Aakash Thumaty, the company's approach centers on building end-to-end solutions specific to individual industries and getting paid directly based on the outcomes those solutions produce, rather than treating inference as a standalone commodity. Thumaty said this focus on revenue-aligned outcomes helped the company secure several seven-figure contracts within months of raising its most recent funding round, with Takeoff agents outperforming competing agents in head-to-head tests across five industries, including lending and healthcare, while also outperforming the processes, systems, and people previously in place at client organizations. Takeoff had reached a near eight-figure run rate with a three-person team prior to the acquisition. Rather than following the typical path of hiring a sales team and raising additional funding independently, the company said it chose to...
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