Sources: Sequoia raised ~$7B for a new fund, the first fundraising round under its new leadership; the firm's last expansion fund was a $3.4B vehicle in 2022 (Bloomberg)

ThinkingNews Desk · how this was written

Sequoia Capital has raised roughly $7 billion for a new late-stage fund, the largest it has ever created. The fundraising round is the first conducted under the firm’s new leadership, following its previous expansion fund of $3.4 billion launched in 2022. The capital will be used to broaden Sequoia’s investments, particularly in artificial-intelligence ventures.

Written from all 3 reports below, not from any single one.