Sequoia Capital

Report: Stripe Valued at $70 Billion Amid Possible Sequoia Deal
Report: Stripe Valued at $70 Billion Amid Possible Sequoia Deal
July 15, 2024  |  Business

The valuation of payments processing platform Stripe reportedly reached $70 billion. Sequoia Capital is offering to buy shares from investors that want to cash out,...

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Dust Raises $16 Million to Help Companies Deploy AI Assistants
Dust Raises $16 Million to Help Companies Deploy AI Assistants
June 27, 2024  |  Investments

Generative artificial intelligence (AI) firm Dust has raised $16 million in additional funding to expand its platform that helps companies deploy AI assistants for internal...

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AI Firms Rake in Billions Without Having Products
AI Firms Rake in Billions Without Having Products
April 29, 2024  |  artificial intelligence

AI may represent a “field of dreams,” but investors are reportedly seeing a potential nightmare. As The Wall Street Journal (WSJ) reported Monday (April 29),...

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Elon Musk’s xAI Close to Raising $6 Billion
Elon Musk’s xAI Close to Raising $6 Billion
April 26, 2024  |  artificial intelligence

Elon Musk’s artificial intelligence (AI) startup xAI is reportedly close to raising $6 billion from investors. The funding round would value xAI at $18 billion,...

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Sequoia Capital to Focus on AI Companies Utilizing Foundation Models
Sequoia Capital to Focus on AI Companies Utilizing Foundation Models
October 02, 2023  |  Investments

Venture capital firm Sequoia Capital is focusing its investment strategy toward artificial intelligence (AI) applications following the success of its investment in OpenAI.  Roelof Botha, partner...

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Report: Reid Hoffman Reduces Role at Greylock Partners to Focus on AI
Report: Reid Hoffman Reduces Role at Greylock Partners to Focus on AI
August 30, 2023  |  artificial intelligence

Venture firm Greylock Partners is reportedly experiencing a transition as Reid Hoffman, a prominent figure in the tech industry, scales back his involvement in new deals. Hoffman, a...

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Sequoia Capital Reportedly Downsizes 2 Major Funds
Sequoia Capital Reportedly Downsizes 2 Major Funds
July 27, 2023  |  Investments

Silicon Valley venture firm Sequoia Capital has reportedly downsized two major funds due to the downturn in the startup market. In a move reflecting the changes...

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Venture Capital Firms Slash ‘Megafunds’ Even Amid AI Boom
Venture Capital Firms Slash ‘Megafunds’ Even Amid AI Boom
July 16, 2023  |  Investments

Venture capital (VC) outfits are reportedly shrinking their megafunds after years of building them up. As The Wall Street Journal (WSJ) reported Sunday (July 16), these...

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US Taxpayers Backstopped Big Tech, VC Billions During SVB Collapse 
US Taxpayers Backstopped Big Tech, VC Billions During SVB Collapse 
June 23, 2023  |  Connected Economy

If money could’ve talked this spring, it would’ve been saying “goodbye.” Or so politicians, businesses and individuals around America thought when Silicon Valley Bank (SVB) collapsed...

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