Sequoia Capital has raised $7 billion for a new late-stage investment fund, nearly double its 2022 comparable vehicle ($3.4B). The firm is doubling down on AI, backing foundational players OpenAI and Anthropic (both reportedly eyeing 2026 IPOs) alongside emerging startups including Physical Intelligence and Factory. The fundraise marks the first major capital raise under new co-stewards Alfred Lin and Pat Grady.
Strategy
New leaders, new fund: Sequoia has raised $7B to expand its AI bets
Sequoia's $7B late-stage fund—nearly doubling its 2022 vehicle—pivots heavily into AI, backing foundational models like OpenAI and Anthropic alongside physical intelligence startups as both established players eye 2026 IPOs.
Friday, April 17, 2026 12:00 PM UTC2 MIN READSOURCE: TechCrunchBY sys://pipeline
Tags
strategy
/// RELATED
Products5d ago
Approximate Answers, Exact Decisions: New Sketch Functions for Analytics
Databricks integrates Apache DataSketches sketch functions to replace exact-but-expensive analytics computations with approximate queries bounded to 1-2% error, cutting compute costs dramatically for large-scale data analysis.
InfrastructureApr 22
Data centers are dealing hidden damage to environmental and public health—costing the economy $25 billion every year
Data centers powering the AI infrastructure boom externalize a hidden $25 billion annual environmental and public health cost—revealing a massive gap between investment decisions and true infrastructure impact.