An enterprise AI platform for contact centers that gives human and AI agents real-time coaching, automation, and conversation intelligence to boost sales, service, and collections productivity.
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If accurate, the ~$1.077B Series D mark represents a ~33% markdown from the $1.6B Series C, plausible given the broad 2023-24 repricing of 2021-22-vintage AI/SaaS unicorns, but not confirmed by Cresta and contradicted by some aggregators. Business momentum looks healthy despite the apparent down-round: ARR crossed $100M by April 2026 (up from ~$52M in 2025), headcount nearly doubled (285->508) over 2024-2026, with marquee customers (United Airlines, Cox Communications, Marriott). CEO is Ping Wu (since May 2023) -- founder Zayd Enam stepped down to an advisory role and is no longer CEO, though some trackers still list him incorrectly. Doug Leone (Sequoia) was named Board Chair and Carl Eschenbach (ex-Workday CEO) rejoined the board in April 2026, alongside the ARR milestone -- a governance upgrade, not itself evidence of a new round.
Low: Revelio Labs, Mar 2026. High: Tracxn, Aug 2026.
As of 2026-09-13 · live via greenhouse's public job board · ≈13.0% of the 626–816 estimated team
+1 more roles across 1 other teams.
See all open roles at Cresta →Cresta builds AI for contact centers, starting with real-time agent assist that learns the phrasing of top-performing agents from a client's chat transcripts and suggests responses during live conversations. In 2023 it moved to large language models, including its fine-tuned Ocean models, and has since announced voice and omnichannel AI agents.
| Date | Type | What |
|---|---|---|
| Jul 2025 | Milestone | FECT, a benchmark for judging the factuality of interpretive LLM claims about contact-center transcripts, posted on arXiv (KDD 2025 workshop) |
| Jun 9, 2025 | Milestone | Omnichannel AI Agent announced, carrying context between voice and digital channels |
| 2025 | Paper | FECT: Factuality Evaluation of Interpretive AI-Generated Claims in Contact Center Conversation Transcripts |
| Oct 29, 2024 | Milestone | Cresta Voice Virtual Agent announced, described as combining LLM generation with deterministic controls |
| Apr 29, 2024 | Milestone | Engineering post states Mistral-7B fine-tunes power Knowledge Assist, call summarisation and chat suggestions alongside OpenAI and Anthropic models |
| Dec 2023 | Milestone | Company said its Ocean models were 7-billion-parameter Mistral and Mixtral fine-tunes served with LoRA adapters through Fireworks AI |
| Nov 7, 2023 | Milestone | Opera released, a no-code interface for supervisors to define LLM-based rules for coaching and quality assurance |
| Jun 20, 2023 | Milestone | Ocean-1 introduced, described by the company as a contact-center foundation model combining base models such as GPT-4 with domain data |
| Mar 27, 2023 | Milestone | Generative-AI additions to the platform announced |
| Aug 12, 2021 | Patent filed | US 11,417,337 Initiating conversation monitoring system action based on conversational content |
| Jan 2021 | Milestone | Engineering posts describe a GPT-2 model trained on annotated chats to generate suggestions and a multi-head BERT model for intent classification |
| Oct 26, 2020 | Patent filed | US 11,282,507 Contemporaneous machine-learning analysis of audio streams |
| Jul 31, 2020 | Patent filed | US 11,157,695 Systems and methods for selecting effective phrases to be presented during a conversation |
| Jul 31, 2020 | Patent filed | US 11,120,812 Application of machine learning techniques to select voice transformations |
| Mar 31, 2020 | Patent filed | US 11,115,531 B1 Systems and methods for identifying a behavioral target during a conversation |
| Mar 2020 | Milestone | Priority date of US 11,115,531, on identifying a behavioural target during a monitored conversation; all five patent filings date from 2020-2021 |
| Feb 3, 2020 | Milestone | Left stealth with a real-time agent-assist product trained on a client's historical chat transcripts |
| 2017 | Milestone | Founded by Stanford PhD students Zayd Enam and Tim Shi with adviser Sebastian Thrun, as a spin-out of the Stanford Artificial Intelligence Laboratory |
Patents. The granted US patents, all assigned to Cresta Intelligence Inc. and each naming Shi as an inventor, cover the first agent-assist product, from behavioural targets and effective phrases to voice transformations and audio-stream analysis.
No acquisitions on record.
Cresta was founded in 2017 by Stanford PhD students Zayd Enam and Tim (Tianlin) Shi, with their adviser Sebastian Thrun as co-founder and chairman, as a spin-out of the Stanford Artificial Intelligence Laboratory. Enam's doctoral work applied natural-language processing to repetitive knowledge work; an early model recommended behaviours to low-rated Udacity graders based on those of high-rated ones, and Thrun steered the project toward sales and support conversations. The company left stealth on February 3, 2020 with a real-time agent-assist product: models trained on a client's historical chat transcripts learn the phrasing used by top-performing agents and suggest responses to other agents during live conversations. Cresta engineering posts from January 2021 describe a GPT-2 model trained on annotated chats to generate suggestions and a multi-head BERT model for intent classification.
Cresta's granted US patents, all assigned to Cresta Intelligence Inc. and each naming Shi as an inventor, cover that first product: identifying a behavioural target during a monitored conversation (US 11,115,531, priority March 2020), selecting effective phrases to present in real time (US 11,157,695, priority July 2020), choosing voice transformations for an agent's speech by machine learning (US 11,120,812), selecting portions of an audio stream for contemporaneous analysis (US 11,282,507, priority October 2020) and initiating system actions from conversational content (US 11,417,337, 2021).
The company moved to large language models in 2023. On March 27, 2023 it announced generative-AI additions to its platform, and on June 20, 2023 it introduced Ocean-1, which it described as a contact-center foundation model built by combining base foundation models such as GPT-4 with contact-center domain data, using self-instruct and reinforcement learning from human feedback, with the stated goals of better instruction following and lower serving latency and cost. By December 2023 the company said its Ocean models were 7-billion-parameter Mistral and Mixtral fine-tunes served with LoRA adapters through Fireworks AI, and claimed roughly 100 times lower cost than GPT-4 for retrieval-augmented Knowledge Assist. An April 29, 2024 engineering post by Motoki Wu, Ethan Jiang, Chuan Wang and Shi states that Mistral-7B fine-tunes power Knowledge Assist, call summarisation and chat suggestions alongside partner models from OpenAI and Anthropic, evaluated on coverage, contradiction and groundedness checks. On November 7, 2023 Cresta released Opera, a no-code interface for supervisors to define LLM-based rules for coaching and quality assurance. On October 29, 2024 it announced Cresta Voice Virtual Agent, described as a hybrid architecture combining LLM generation with deterministic controls, and on June 9, 2025 an omnichannel AI Agent that carries context between voice and digital channels.
Cresta's applied-research group published FECT (KDD 2025 workshop on evaluation of agentic and generative AI; arXiv, July 2025), a benchmark and annotation scheme for judging the factuality of interpretive LLM claims about contact-center transcripts, with code and data on GitHub. No other peer-reviewed paper with a Cresta affiliation was found. Google Patents lists five US patents and applications assigned to Cresta Intelligence Inc., all filed 2020-2021; no filings covering the Ocean models or the AI Agent were found. The legal entity is Cresta Intelligence, Inc., headquartered in Sunnyvale, California. No acquisitions by Cresta were found.
Profile as of Sep 18, 2026.
| Round | Date | Valuation | Lead |
|---|---|---|---|
| Series D | 2024-11-19 | $1.1B-33% | Co-led by World Innovation Lab (WiL) and Qatar Investment Authority (QIA) -- the lead was explicitly disclosed even though the valuation was not |
| Series C | 2022-03-01 | $1.6B | Tiger Global (Genesys, Five9, J.P. Morgan, and CarMax joined as new strategic investors; Sequoia, Greylock, a16z, and Porsche SE returned) |
No upcoming rounds currently reported.
| Status | S-1 Not Filed |
|---|---|
| Notes | No CEO statement on IPO timing found. Secondary-market platforms list generic pre-IPO pages, standard boilerplate for any late-stage private company. |
| Source | Forge Global / Nasdaq Private Market / Hiive listings, 2026 (generic, not company-specific) |
Polymarket/Kalshi rows are live market-implied odds, not a PrePost prediction; everything else is a cited news signal. PrePost doesn't publish its own IPO forecast.