New leaders, new fund: Sequoia raises $7B to expand AI bets

Few companies are betting more on AI than Sequoia Capital, and it’s not slow.

The Silicon Valley giant has soared $7 billion new fund, according to Bloomberg. Sequoia declined TechCrunch’s request for comment. The money will go to what the company calls its “expansion plan” – specifically its late-stage fundraising arm, which focuses on the US and Europe – and is a matching fund for Sequoia, a $3.4 billion car that was raised in 2022.

The growth of the fund shows something big: investing has taken on a new meaning in the age of AI. Companies can now scale at speeds and costs that would have been unimaginable a decade ago, and the companies that support them have to keep up.

The investment shows where Sequoia sees the future: deep in AI, from the giants that build the basic technology to the startups that are working on it. The company has supported two of the most popular players in the AI ​​race – OpenAI first and, more recently, Anthropic – both of which are said to be looking at the list of people in 2026. A development that could mean a significant salary for the company.

Sequoia isn’t just rocking on the AI ​​basics, though. It has also placed bets on other disruptive causes, including Physical IntelligenceBay Area robotics startup, and Factorywhich creates AI assistants for business development teams.

The fundraiser is the first major fundraiser under Sequoia’s new leadership, with Alfred Lin and Pat Grady now serving as co-directors of the 54-year-old.