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Benzinga
Benzinga
Business
Paula Tudoran

$950M Sequoia Capital Fund Aims To Back Next Amazon Of AI Era With Early-Stage Startup Investments Across Globe

Sequoia Capital Amazon Sequoia TechCrunch Nasdaq Amazon.com Inc. Nvidia Google Harvey Stripe
Startup,Funding,Or,Project,Crowdfunding,As,Business,And,Financial,Concept

Sequoia Capital announced on Monday two new early-stage funds worth a combined $950 million, aimed at backing young startups worldwide building technologies that could evolve into the next Amazon (NASDAQ:AMZN) of the AI era.

The new funds include a $750 million venture vehicle for Series A companies and a $200 million seed fund, according to TechCrunch. The launch comes amid an industry-wide rush toward artificial intelligence and follows two turbulent years for the firm.

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