Sequoia Capital announced a $7 billion raise for a fresh fund aimed at late‑stage investments in artificial‑intelligence companies across the United States and Europe. The capital, nearly double the size of the firm’s 2022 vehicle, underpins Sequoia’s “expansion strategy” under its newly appointed co‑stewards Alfred Lin and Pat Grady. Backing already includes OpenAI, Anthropic and a slate of emerging AI startups, positioning the Silicon Valley stalwart to ride the rapid scaling of AI‑driven businesses. Read more →

Venture capital firm Accel announced a $5 billion fundraise, combining a $4 billion Leaders Fund V and a $650 million sidecar vehicle aimed at late‑stage artificial‑intelligence startups. The capital will fund roughly 20 to 25 deals, with average checks of $200 million. Accel’s raise follows outsized returns on its Anthropic and Cursor investments and arrives as Q1 2026 sees a record $297 billion flow into global startups. The new fund positions Accel to compete with mega‑funds for the biggest AI bets. Read more →