Sequoia Raises Record $7B Late-Stage Fund Under New Leadership — Largest AI-Focused Vehicle in Firm's 54-Year History

TechCrunch·high signal

Sequoia raised roughly $7B for its 'expansion strategy' late-stage fund, nearly double its previous $3.4B vehicle from 2022. The raise is the first under new co-stewards Alfred Lin and Pat Grady, with AI representing the primary thesis. Portfolio includes OpenAI, Anthropic (both eyeing 2026 IPOs), Physical Intelligence (robotics), Factory (enterprise engineering AI agents), and Day.ai (AI-native CRM). The fund signals that late-stage investing has been redefined as AI companies scale at speeds unimaginable a decade ago.