---
title: "Decagon revenue and valuation"
description: "Decagon's revenue is estimated at $51M–$66M, last reported at $30M. Valued at $4.5B after raising $481M. Funding rounds and competitors."
url: https://www.tryspecter.com/revenue-valuation/decagon.md
canonical_url: https://www.tryspecter.com/revenue-valuation/decagon
publisher: Specter
last_updated: 2026-11-01
---

# Decagon revenue and valuation

Specter estimates Decagon's annual revenue at $51M to $66M and its valuation at $4.26B to $6.63B. The company last reported $30M revenue in December 2025 and was priced at $4.5B in January 2026.

Decagon automates enterprise customer support with a conversational AI platform.

- Estimated revenue: $51M to $66M (October 2026)
- Estimated valuation: $4.26B to $6.63B (October 2026)
- Last reported revenue: $30M (December 2025)
- Total funding: $481M
- Founded: 2023
- Headquarters: San Francisco, United States
- Employees: 614
- Sector: AI agents
- Specter Rank: #55,952

## Decagon revenue

Decagon last reported $30M revenue in December 2025. Specter's model puts current revenue between $51M and $66M, anchored to two reported figures.

| Reported figure | Date | Source |
| --- | --- | --- |
| $30M revenue | December 2025 | [This 28-Year-Old AI Founder Thinks His Customer Service Startup Can Beat Out Companies 10x His Size](https://www.forbes.com/sites/rashishrivastava/2025/12/01/-28-year-old-ai-founder-jesse-zhang-decagon-customer-service/) (forbes.com) |
| $17M ARR | December 2024 | [~$17M ARR, up from ~$1.5M ARR LTM](https://x.com/ArfurRock/status/1918439178679013669) (x.com) |

| Month | Specter estimate | Low | High |
| --- | --- | --- | --- |
| October 2026 | $58M | $51M | $66M |
| September 2026 | $52M | $40M | $68M |
| August 2026 | $50M | $38M | $67M |
| July 2026 | $48M | $36M | $64M |
| June 2026 | $44M | $32M | $60M |
| May 2026 | $42M | $30M | $58M |
| April 2026 | $39M | $29M | $53M |
| March 2026 | $36M | $27M | $48M |
| February 2026 | $35M | $28M | $45M |
| January 2026 | $34M | $27M | $43M |
| December 2025 | $30M | $25M | $36M |
| November 2025 | $29M | $15M | $53M |
| October 2025 | $27M | $16M | $46M |
| September 2025 | $26M | $16M | $43M |
| August 2025 | $25M | $16M | $39M |
| July 2025 | $24M | $15M | $38M |
| June 2025 | $23M | $15M | $34M |
| May 2025 | $22M | $15M | $31M |
| April 2025 | $21M | $14M | $30M |
| March 2025 | $20M | $14M | $27M |
| February 2025 | $19M | $15M | $24M |
| January 2025 | $18M | $14M | $22M |
| December 2024 | $17M | $14M | $20M |
| November 2024 | $6.5M | $3.2M | $9.7M |
| October 2024 | $3.7M | $1.7M | $5.7M |
| September 2024 | $3.5M | $1.4M | $5.5M |
| August 2024 | $3.5M | $800K | $6.3M |
| July 2024 | $3.3M | $700K | $5.9M |

## Decagon valuation

Decagon's valuation rose from $1.5B at its Series C in June 2025 to $4.5B at its Series D in January 2026. Specter's live estimate sits between $4.26B and $6.63B.

| Month | Specter estimate | Low | High |
| --- | --- | --- | --- |
| October 2026 | $5.32B | $4.26B | $6.63B |
| September 2026 | $4.42B | $3.35B | $5.81B |
| August 2026 | $4.46B | $3.55B | $5.61B |
| July 2026 | $4.5B | $3.74B | $5.41B |
| June 2026 | $4.5B | $3.3B | $6.14B |
| May 2026 | $4.5B | $3.45B | $5.86B |
| April 2026 | $4.5B | $3.6B | $5.62B |
| March 2026 | $4.5B | $3.74B | $5.41B |
| February 2026 | $4.5B | $3.74B | $5.41B |
| January 2026 | $4.5B | $3.74B | $5.41B |
| December 2025 | $3.61B | $2.85B | $4.57B |
| November 2025 | $2.9B | $2.33B | $3.61B |
| October 2025 | $2.33B | $1.9B | $2.85B |
| September 2025 | $1.87B | $1.54B | $2.27B |
| August 2025 | $1.5B | $1.25B | $1.8B |
| July 2025 | $1.5B | $1.25B | $1.8B |
| June 2025 | $1.5B | $1.25B | $1.8B |
| May 2025 | $1.35B | $970M | $1.88B |
| April 2025 | $1.22B | $890M | $1.67B |
| March 2025 | $1.1B | $820M | $1.47B |
| February 2025 | $990M | $750M | $1.3B |
| January 2025 | $890M | $690M | $1.14B |
| December 2024 | $800M | $640M | $1.01B |
| November 2024 | $720M | $580M | $890M |
| October 2024 | $650M | $540M | $780M |
| September 2024 | $197M | $105M | $360M |
| August 2024 | $230M | $190M | $320M |
| July 2024 | $175M | $108M | $270M |

| Reported valuation | Month | Source |
| --- | --- | --- |
| $4.5B | July 2026 | [cnbc.com](https://www.cnbc.com/2026/05/19/decagon-cnbc-disruptor-50-ranking.html) |
| $4.5B | March 2026 | [businesswire.com](https://www.businesswire.com/news/home/20260307486723/en/Decagon-Unveils-Proactive-Agents-The-AI-Concierge-for-Every-Customer-In-The-Agentic-Commerce-Era) |
| $4.5B | February 2026 | [forbes.com](https://www.forbes.com/sites/alexyork/2026/02/06/ai-agent-startup-decagon-triples-valuation-to-45-billion/) |
| $4.5B | January 2026 | Funding round |
| $1.5B | August 2025 | [futurumgroup.com](https://futurumgroup.com/press-release/decagon-aims-to-simplify-ai-agent-development-with-natural-language/) |
| $1.5B | July 2025 | [sfexaminer.com](https://www.sfexaminer.com/news/technology/decagon-ceo-jesse-zhang-bets-ai-replaces-customer-support/article_c8b46fec-eb3a-4f6c-b638-fa1044572a92.html) |
| $1.5B | June 2025 | Funding round |
| $650M | October 2024 | [forbes.com](https://www.forbes.com/sites/rashishrivastava/2024/10/15/this-companys-ai-agents-won-contests-to-secure-big-customers-now-its-raising-65-million/) |

## Decagon funding rounds

| Date | Round | Raised | Post-money | Lead investors |
| --- | --- | --- | --- | --- |
| 4 Mar 2026 | Secondary | Undisclosed | Undisclosed | Undisclosed |
| 28 Jan 2026 | Series D | $250M | $4.5B | Index Ventures, Coatue |
| 23 Jun 2025 | Series C | $131M | $1.5B | Andreessen Horowitz, Accel |
| 15 Oct 2024 | Series B | $65M | Undisclosed | Bain Capital Ventures |
| 18 Jun 2024 | Seed | $5M | Undisclosed | Andreessen Horowitz |
| 18 Jun 2024 | Series A | $30M | Undisclosed | Accel |

## Decagon vs competitors

The enterprise conversational AI market separates into agent orchestration and rapid deployment models.

| Company | Estimated revenue | Estimated valuation |
| --- | --- | --- |
| Decagon | $51M–$66M | $4.26B–$6.63B |
| Sierra (sierra.ai) | $330M–$480M | $14.3B–$19.4B |
| ada CX (ada.cx) | $42M–$60M | $280M–$1.02B |
| Lorikeet (lorikeetcx.ai) | $8.6M–$33M | $194M–$450M |
| PolyAI (poly.ai) | $37M–$139M | $600M–$1.06B |

## Questions

### What is Decagon's revenue?

Specter estimates Decagon's annual revenue at $51M to $66M as of October 2026. Decagon last reported $30M revenue in December 2025.

### What is Decagon's valuation?

Decagon's latest post-money valuation is $4.5B, from a January 2026 Series D. Specter's live estimate is $4.26B to $6.63B.

### What is Decagon's revenue multiple?

Decagon is valued at about 150× revenue, based on its $4.5B January 2026 valuation and $30M last reported revenue. That works out to roughly $48.9K of revenue per employee.

### How much funding has Decagon raised?

$481M across six rounds, from a $30M Series A in June 2024 to a Secondary in March 2026.

### Who invested in Decagon?

28 investors, including Accel, Andreessen Horowitz, Bain Capital Ventures, Coatue and Index Ventures.

### Who are Decagon's competitors?

Sierra, ada CX, Lorikeet and PolyAI. Specter ranks 30 competitors for Decagon.

## About this data

Specter models revenue and valuation monthly and anchors each estimate to reported figures and priced rounds. Method: https://www.tryspecter.com/revenue-valuation

Cite as: Specter. "Decagon revenue and valuation." tryspecter.com/revenue-valuation/decagon. Updated November 2026.