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Few venture firms have bet more aggressively on AI than Sequoia Capital, and it isn\u2019t slowing down.<\/p>\n
The Silicon Valley stalwart has raised roughly $7 billion<\/a> for a new fund, according to Bloomberg. Sequoia declined TechCrunch\u2019s request for comment. The money will go toward what the firm calls its \u201cexpansion strategy\u201d \u2014 essentially its late-stage investing arm, focused on the U.S. and Europe \u2014 and it\u2019s nearly double Sequoia\u2019s last comparable fund, a $3.4 billion vehicle raised in 2022.<\/p>\n That growth in fund size reflects something bigger: late-stage investing has taken on an entirely new meaning in the AI era. Companies can now scale at a speed and cost that would have been unimaginable a decade ago, and the firms backing them have to keep pace.<\/p>\n The money signals where Sequoia sees the future: deeply embedded in AI, from the giants building the underlying technology to the startups putting it to work. The firm has backed two of the most prominent players in the AI race \u2014 OpenAI originally and, more recently, Anthropic \u2014 both of which are reportedly eyeing public listings in 2026. The development that could mean a significant payday for the firm.<\/p>\n Sequoia isn\u2019t only swinging for the foundational AI heavyweights, however. It has also placed bets on other buzzy startups, including Physical Intelligence<\/a>, the Bay Area robotics startup, and Factory<\/a>, which builds AI agents for enterprise engineering teams.<\/p>\n The fundraise is also the first major capital raise under Sequoia\u2019s new leadership, with Alfred Lin and Pat Grady now serving as co-stewards of the 54-year-old firm.<\/p>\n Techcrunch event<\/p>\n