New leaders, new fund: Sequoia has raised $7B to expand its AI bets | TechCrunch

"Sequoia Capital has raised roughly $7 billion for a new fund, which will go toward its late-stage investing arm focused on the U.S. and Europe."

"The growth in fund size reflects a new meaning for late-stage investing in the AI era, where companies can scale at unprecedented speed and cost."

"Sequoia has backed two prominent players in the AI race, OpenAI and Anthropic, both reportedly eyeing public listings in 2026."

"The fundraise is the first major capital raise under Sequoia's new leadership, with Alfred Lin and Pat Grady serving as co-stewards."

Sequoia Capital has raised approximately $7 billion for a new fund, nearly doubling its previous fund size. This new fund will focus on late-stage investing in AI, reflecting the rapid scaling capabilities of companies in this sector. Sequoia has invested in major AI players like OpenAI and Anthropic, both of which are considering public listings. The firm is also backing innovative startups such as Physical Intelligence and Factory. This fundraising marks the first major capital raise under new leadership.

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