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Sequoia's new leaders raise about $7 billion for firm's biggest bets

Bloomberg-sourced report says Sequoia's incoming co-leaders have gathered roughly seven billion dollars for a new vehicle backing large, often AI, companies; the piece also covers leadership changes and Wiz's sale to Alphabet.

Sequoia Capital Raises $7 Billion Fund for AI and Late-Stage Investments

Sequoia Capital has closed about $7 billion for a fund backing late-stage AI companies in the US and Europe, the first big fundraise since Alfred Lin and Pat Grady took over as co-stewards.

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