Sequoia Capital
Sequoia Capital is a venture capital firm that invests in startups in the energy, financial, enterprise, healthcare, internet, and mobile sectors.
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“AI Stock God” Affiliated Fund Once Reached Out to Sequoia and Greenoaks, Seeking to Sell Some Private Assets to Ease Liquidity Pressure
Odaily News: AI hedge fund Situational Awareness, while facing margin pressure from lenders, had sought to sell some of its private company holdings to raise cash and reached out to institutions including Sequoia Capital and Greenoaks. However, after Situational Awareness reached a deal with Citadel to sell most of its public stock portfolio, the fund ultimately decided not to sell its private assets.Sequoia Capital, Greenoaks, and Situational Awareness all declined to comment. (Bloomberg)
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AI stock god's fund Situational Awareness posts 67% drawdown in July
Odaily News: AI hedge fund Situational Awareness has dropped approximately 67% since July, hit by a major pullback in AI stocks. In a letter to investors, fund founder Leopold Aschenbrenner said, "This month we let everyone down." Despite the severe drawdown in July, Situational Awareness is still up about 80% year-to-date. As of end of May, the fund's returns this year had reached approximately 270%.Previously reported, massive losses led Situational to sell a large portion of its public stock holdings to Ken Griffin's Citadel to raise cash and meet lender margin requirements. Additionally, the fund had previously planned to sell approximately $3.5 billion worth of Anthropic equity to a consortium of investors led by Greenoaks and Sequoia Capital, but later withdrew from the deal. (WSJ)
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Nvidia Invests $5 Billion in Former OpenAI Chief Scientist Sutskever's AI Startup SSI
SSI secured $2 billion in funding from top venture capital firms such as Andreessen Horowitz and Sequoia Capital last year, at which time its valuation reached $32 billion.
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Six Major VCs Including Sequoia and a16z Sign MOU with South Korea's National Pension Fund to Boost Investment in AI and Other Strategic Industries
According to Korean media Asiae, six top Silicon Valley VC firms, including Sequoia Capital, a16z, Khosla Ventures, Lightspeed Venture Partners, General Catalyst, and NEA, announced the signing of a strategic investment cooperation memorandum of understanding (MOU) with the South Korean National Pension Service (NPS), planning to jointly explore investment opportunities, share investment information, and strengthen their global venture capital layout. Additionally, with the South Korean government accelerating policies to attract overseas venture capital, coupled with the launch of the 200 trillion won "National Growth Fund," the market expects the Korean venture capital sector to see simultaneous inflows of policy funds, private capital, and overseas capital, with strategic industries such as AI and semiconductors expected to receive more investment. However, industry insiders warn that if a large amount of capital concentrates on a few popular enterprises, it may push up corporate valuations and create bubbles, potentially facing valuation correction pressure during future IPO and M&A exits, affecting fund return rates.
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AI chip startup Etched completes $300M Series C funding, valuation reaches $10.3 billion
AI chip startup Etched announced the completion of a $300 million Series C funding round, valuing the company at $10.3 billion. The round was led by Sequoia Capital, with participation from Andreessen Horowitz (a16z), SK Hynix, Jane Street, and Diffusion Capital.Founded in 2022 by three Harvard dropouts, Etched was valued at approximately $5 billion when it raised $500 million in December 2025, meaning its valuation has doubled in just about seven months. Etched stated that it focuses on building specialized chip systems for AI model inference. The company has recently completed mass production of its self-developed chips and begun having customers test the first complete systems, while also securing approximately $1 billion in orders. (TechCrunch)
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AI 芯片创企 Etched 完成 3 亿美元 C 轮融资，估值达 103 亿美元
AI chip startup Etched announced the completion of a $300 million Series C funding round led by Sequoia Capital, with a valuation reaching $10.3 billion, doubling from last December. The company, founded by three Harvard dropouts, has successfully manufactured its self-developed chip and secured $1 billion in orders. Reportedly, its system can run any AI model, including DeepSeek and Qwen, demonstrating strong compatibility and market potential.
OpenAI appoints two CEOs of publicly traded financial companies as independent directors ahead of IPO
on July 21, OpenAI, the developer of ChatGPT, announced the appointment of David Velez, founder and CEO of Brazilian digital bank Nubank, and Robin Vince, CEO of BNY Mellon, as independent directors of the foundation and the company. With the addition of two new independent directors, OpenAI's board will expand from eight to ten members. David Velez founded Nubank in 2013 and previously led Latin American investments at Sequoia Capital, Goldman Sachs, and Morgan Stanley. Robin Vince spent 26 years at Goldman Sachs, serving as Chief Risk Officer and Chief Operating Officer. OpenAI is currently controlled by a non-profit foundation that pursues a for-profit public benefit corporation. Most board members serve on both the foundation and the company's board, with CEO Sam Altman being the sole internal director.
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Manus is reportedly pursuing an equity transaction at a $2 billion valuation, with Tencent potentially becoming the largest shareholder
According to sources familiar with the matter, Tencent is in talks to become the largest shareholder of AI agent company Manus. Most existing investors, including Tencent, ZhenFund, and Sequoia Capital China, are discussing supporting a deal at a $2 billion valuation to block Meta's acquisition.
AI Agent infrastructure Sail Research completes $80 million funding round, led by Kleiner Perkins and others
AI Agent infrastructure company Sail Research has announced the completion of an $80 million Seed and Series A funding round, led by Kleiner Perkins and Sequoia Capital, with participation from Redpoint Ventures, CRV, Theory Ventures, and others. Sail Research focuses on building infrastructure for AI Agents, aiming to address the computational power, cost, and operational limitations of current AI systems in long-duration, multi-step tasks. Its API is compatible with the OpenAI interface and supports mainstream open-source models such as DeepSeek and Gemma. (PRNewswire)
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Kalshi in Talks to Raise Funding at $40 Billion Valuation
prediction market platform Kalshi is in talks to raise a new round of funding at a valuation of approximately $40 billion, with a potential deal closing as early as the third quarter. Last month, Kalshi completed a $1 billion funding round from investors including Sequoia Capital, Andreessen Horowitz, Coatue, and Morgan Stanley, at a valuation of $22 billion.Kalshi CEO Tarek Mansour stated that the company is considering an IPO, but it will not go public in 2026, with a potential listing likely no earlier than late 2027 or 2028. Kalshi reported that as of April 2026, its annualized trading volume reached $178 billion, a 32-fold increase year-over-year.Kalshi is currently embroiled in a legal dispute between U.S. state and federal regulators over the oversight of prediction markets. The controversy includes whether sports event contracts constitute derivatives regulated by the CFTC or illegal gambling. CME has sued the CFTC over its approval of Kalshi's "perpetual" futures, Kentucky sued Kalshi and Polymarket this month, and the CFTC subsequently sued Kentucky to block its enforcement action. (Decrypt)
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Prediction market platform Kalshi is in talks for a new funding round, with a valuation of approximately $4 billion.
According to the UK’s Financial Times, prediction market platform Kalshi is in talks for a new funding round valuing the company at approximately $4 billion, potentially closing as early as Q3 this year. Last month, Kalshi raised $1 billion at a $2.2 billion valuation, with investors including Coatue, Sequoia Capital, Andreessen Horowitz, and Morgan Stanley.
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Musk ally Roelof Botha appointed as independent director of SpaceX
less than a week after completing a record-breaking IPO, SpaceX has announced the appointment of Musk's long-time ally and Sequoia Capital investor Roelof Botha to its board of directors, serving as an independent director and joining the audit committee. The appointment is effective immediately. It is understood that Roelof Botha becomes the eighth director of SpaceX, though this time he does not represent Sequoia Capital in the board seat. Musk continues to hold the positions of Chairman, CEO, and Chief Technology Officer of the company. (CNBC)
Tencent invests in new AI lab founded by former head of Alibaba's Tongyi Qianwen, with initial funding round reaching hundreds of millions of dollars
the new AI lab founded by Lin Junyang, former core head of Alibaba's Tongyi Qianwen, has completed its initial funding round, raising a total of several hundred million US dollars with a post-investment valuation of approximately $2 billion. Sequoia Capital China and Gaorong Capital each led the round with $100 million investments, while Tencent participated with a $20 million investment. Lin Junyang left in March this year due to disagreements over team restructuring. The project has now initiated preparations for a new funding round. Tencent, which is intensifying its AI layout, has previously invested in multiple local large-model enterprises and is also currently participating in the latest funding round of DeepSeek. (The Information)
Anthropic Completes $65 Billion Series H Funding Round, Post-Money Valuation Reaches $965 Billion
According to Cailian News, AI unicorn Anthropic has completed its Series H funding round of $6.5 billion, achieving a post-money valuation of $96.5 billion—surpassing rival OpenAI for the first time. This round was co-led by Altimeter Capital, Dragoner, Greenoaks, and Sequoia Capital, and also includes $1.5 billion in previously committed investments from hyperscale cloud providers, with Amazon contributing $500 million.
Kalshi closes $200 million Series F extension round, with Baillie Gifford and Layer Global participating
sources revealed prediction market platform Kalshi has raised an additional $200 million from Baillie Gifford and Layer Global, further expanding the $1 billion funding round previously led by Coatue Management, while maintaining a company valuation of $22 billion.Earlier this month, Kalshi announced the completion of a $1 billion Series F round, with participants including Sequoia Capital, a16z, IVP, Paradigm, Morgan Stanley, and ARK Invest.Data shows that Kalshi's monthly trading volume in April exceeded $14 billion, with annualized revenue surpassing $1.5 billion. (Bloomberg)
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Fintech company Mercury completes $200 million funding round with participation from a16z and Sequoia Capital
fintech company Mercury has announced the completion of a new $200 million funding round, led by TCV with participation from Sequoia Capital, Andreessen Horowitz (a16z), Coatue Management, and other institutions.Mercury primarily provides banking services to startups. It currently serves over 300,000 clients and has achieved approximately $650 million in annualized revenue. The company stated that the recent surge in AI entrepreneurship has significantly driven demand for new company registrations and account openings, serving as a key growth driver.Meanwhile, Mercury also announced that it has received conditional approval from the Office of the Comptroller of the Currency (OCC) to apply for a federal banking charter. This would enable it to expand lending capabilities, gain access to payment networks like Zelle, and reduce its reliance on partner banks. The company's founder stated that the long-term goal remains an independent IPO rather than an acquisition. (CNBC)
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Turnkey Completes $12.5 Million Strategic Financing, with Participation from Circle Ventures and Sequoia Capital
Turnkey, a company specializing in crypto wallets and key management infrastructure, has announced the completion of a $12.5 million strategic financing round. Archetype and Circle Ventures led the round, with participation from Sequoia Capital, Bain Capital Crypto, Lightspeed Faction, Galaxy Ventures, and Variant. The project's total funding has now exceeded $65 million.The company's primary business involves developing wallet and key management infrastructure for crypto applications. This round of financing will be used to support the development and public launch of Turnkey Verifiable Cloud, a product focused on digital asset security computing. This product aims to provide enterprises with verifiable operating environments, encompassing functionalities such as transaction visibility, policy decisions, and agent-driven wallet activities. Turnkey's current clientele includes Polymarket, World App, and Anchorage Digital.
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AI Financial Platform Rogo Closes $160M Series D Led by Kleiner Perkins
Odaily AI financial workflow platform Rogo announced the completion of a $160 million Series D funding round, led by Kleiner Perkins, with participation from Sequoia Capital, Thrive Capital, Khosla Ventures, J.P. Morgan Growth Equity Partners, and others. Rogo stated that its AI system has been deployed at several of the world's top investment banks, asset management firms, and private equity institutions to enhance efficiency in investment research, modeling, and client communication. The proceeds will be used to deepen system integration, expand on-site engineering and investment banking teams, and accelerate expansion into European and Asian markets. The company emphasized that AI is driving the 'democratization and efficiency restructuring' of high-end financial services capabilities.
Former Twitter CEO Launches AI Startup Parallel Web Systems, Raises $100M in Series B Funding with $2B Valuation
According to The Wall Street Journal, Parallel Web Systems—an AI startup founded by former Twitter CEO Parag Agrawal—has raised $100 million in its Series B funding round, led by Sequoia Capital, with participation from Kleiner Perkins, Index Ventures, and Khosla Ventures. The company’s valuation has risen to $2 billion, bringing its total funding to $230 million. Parallel focuses on building web search infrastructure for AI agents, supporting in-depth research use cases such as investment research, insurance claims processing, and government contract analysis. Over 100,000 developers are already using its platform, with customers including legal AI company Harvey. Proceeds from this round will be used to expand the sales team and strengthen R&D efforts.
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