After capturing nearly 50% of the US$202.3 billion invested globally in venture capital in 2025, artificial intelligence (AI) is poised to advance into new slices of this billion-dollar pie. And one of the most iconic asset managers in this industry is eager to fatten these numbers.

Famous for investing in companies like Apple and Google when they were still in their early stages, Sequoia Capital has just raised a new fund of approximately US$7 billion, according to Bloomberg, which cites sources close to the American venture capital firm.

According to these sources, the funds raised through the new vehicle will be allocated to the firm's main investments, which will be particularly reflected in investments in AI and in more advanced companies, especially in the United States and Europe.

More recently, after more modest steps, Sequoia Capital has stood out for its aggressive strategy in this area. And the new fund only reinforces this thesis, given that the amount raised is practically double that of the last comparable vehicle raised by the manager, in 2022, of US$ 3.4 billion.

The numbers that reflect this approach show that Sequoia's portfolio includes more than 100 artificial intelligence companies of all sizes, in addition to 32 companies still operating in stealth mode, that is, "behind the scenes."

The list includes names that are at the forefront of this wave, such as OpenAI , Anthropic , and Nvidia , as well as startups that are gaining prominence in the sector, such as Safe Superintelligence , led by Ilya Sutskever, co-founder of OpenAI, and more recent names like Physical Intelligence, in robotics.

At the same time, the larger amount of resources also relates to the potential of these companies, through AI, to grow faster and at a lower cost. This, as a consequence of these increasingly advanced stages, will require more substantial investments.

In parallel, the fund also symbolizes, in a way, the "debut" of the new management of Sequoia Capital. In November 2025, Alfred Lin and Pat Grady were appointed as co-managers of the company, replacing Roelof Botha, who had led the operation since mid-2022.

The game of musical chairs came after a more turbulent period under Botha's management, marked by issues such as falling valuations of technology companies, a $200 million accounting write-down, and the separation of Sequoia's operations in China and India into independent companies.

In this context, the understanding was that the new management duo would bring a renewal to the team and be more aligned with current demands, dictated mainly by AI. Lin, who has been with Sequoia since 2010, led investments in companies such as Airbnb and DoorDash.

Grady, for his part, has been with the firm for 20 years, where he led investments in growth-stage companies since 2015, and participated in investments in companies such as ServiceNow and OpenAI.

If the first funding round under the new management already signals this greater appetite, on the other end, regarding portfolio returns, the duo formed by Lin and Grady also has good prospects, since names like OpenAI and Anthropic stand out as some of the main companies with plans for an IPO in 2026.

Anthropic, for example, gives a good indication of what's at stake. Valued at US$380 billion in its last investment round in February of this year, the company, according to reports, may seek a valuation between US$600 billion and US$800 billion in its initial public offering.