New leaders, a new fund: Sequoia raised $7 billion to expand its bets on artificial intelligence

Few investment firms have bet more aggressively on AI than Sequoia Capital, and it’s not slowing down.

The Silicon Valley stalwart has almost risen 7 billion dollars for a new fund, according to Bloomberg. Sequoia declined TechCrunch’s request for comment. The money will go toward what the company calls its “expansion strategy” — essentially its late-stage investing arm, focused on the U.S. and Europe — and is nearly double Sequoia’s last similar fund, a $3.4 billion vehicle raised in 2022.

This growth in fund size reflects something bigger: late-stage investing has taken on a whole new meaning in the age of artificial intelligence. Companies can now expand at a speed and at a cost that was unimaginable a decade ago, and the companies that support them must keep pace.

The funds indicate where Sequoia sees the future: deeply rooted in artificial intelligence, from corporate giants building the underlying technology to startups putting it into practice. The company has backed two of the most prominent players in the AI ​​race – originally OpenAI, and more recently Anthropic – both of which are eyeing a public listing in 2026. A development that could mean a big payday for the company.

However, Sequoia isn’t just swinging in favor of AI heavyweights. It has also placed bets on other startups, including… Physical intelligenceAnd a robotics startup in the Gulf region factorywhich builds AI agents for enterprise engineering teams.

The fundraising also marks the first major capital raise under Sequoia’s new leadership, with Alfred Lin and Pat Grady now serving as co-supervisors of the 54-year-old company.