Sequoia Capital Raises $7 Billion for AI Fund, Nearly Doubling Its Last Comparable Raise

Sequoia Capital raises a massive $7 billion AI-focused fund — nearly double its last comparable raise — doubling down on late-stage bets including OpenAI and Anthropic, both eyeing public listings in 2026, in the firm's first major fundraise under new co-leaders Alfred Lin and Pat Grady.

• Sequoia Capital raises roughly $7 billion for a new fund focused on late-stage AI investing in the U.S. and Europe, nearly doubling its last comparable $3.4 billion fund from 2022.
• Key portfolio bets include OpenAI, Anthropic, robotics startup Physical Intelligence, and enterprise AI agent builder Factory, with both OpenAI and Anthropic eyeing public listings in 2026.
• This marks the first major fundraise under Sequoia's new co-leadership of Alfred Lin and Pat Grady, signaling a continued aggressive push deeper into the AI sector.