Few venture firms have bet more aggressively on AI than Sequoia Capital, and it isn’t slowing down.
The Silicon Valley stalwart has raised roughly $7 billion for a new fund, according to Bloomberg. Sequoia declined TechCrunch’s request for comment. The money will go toward what the firm calls its “expansion strategy” — essentially its late-stage investing arm, focused on the U.S. and Europe — and it’s nearly double Sequoia’s last comparable fund, a $3.4 billion vehicle raised in 2022.
That growth in fund size reflects something bigger: late-stage investing has taken on an entirely new meaning in the AI era. Companies can now scale at a speed and cost that would have been unimaginable a decade ago, and the firms backing them have to keep pace.
The money signals where Sequoia sees the future: deeply embedded in AI, from the giants building the underlying technology to the startups putting it to work. The firm has backed two of the most prominent players in the AI race — OpenAI originally and, more recently, Anthropic — both of which are reportedly eyeing public listings in 2026. The development that could mean a significant payday for the firm.
Sequoia isn’t only swinging for the foundational AI heavyweights, however. It has also placed bets on other buzzy startups, including Physical Intelligence, the Bay Area robotics startup, and Factory, which builds AI agents for enterprise engineering teams.
The fundraise is also the first major capital raise under Sequoia’s new leadership, with Alfred Lin and Pat Grady now serving as co-stewards of the 54-year-old firm.
There was excitement, joy, and celebration as Little Miss Bassa emerged winner of the prestigious Little Miss Plateau Pageant, Miss Morina Jathniel Emmanuel outperforming contestants representing various local government areas across Plateau State.
The grand finale, held at the Sarau Event Center, attracted families, supporters, pageant organizers, and dignitaries who gathered to witness the colourful event and celebrate the achievements of the young contestants.
The pageant went beyond beauty, showcasing intelligence, confidence, creativity, leadership potential, and cultural heritage. Contestants impressed the audience with remarkable performances, elegance, and strong representation of the traditions and values of their respective communities.
The event featured vibrant cultural displays, music, and entertaining performances that reflected the rich heritage and diversity of Plateau State, creating a memorable atmosphere throughout the occasion.
Organizers described the Little Miss Plateau Pageant as more than a competition, emphasizing its role as a platform dedicated to nurturing young girls into confident, responsible, and culturally aware ambassadors. According to them, the initiative continues to promote values such as education, leadership, self-confidence, unity, and personal development among children from different backgrounds.
The emergence of Little Miss Bassa as the overall winner was greeted with loud applause and excitement from supporters, marking a proud and historic moment for the Bassa community.
Her exceptional performance, confidence, and outstanding display throughout the competition earned her admiration from judges and guests, ultimately securing her the coveted crown.
Among those contesting for the presidential ticket of the ADC, Atiku stands tall as the most experienced. Atiku’s quest to be president of Nigeria started in 1993, with the Social Democratic Party (SDP).
The SDP primaries was won by the late Moshood Abiola who took Baba Gana Kingibe as his running mate.
Atiku Abubakar
However, Atiku was said to have stepped down from the race under pressure from Shehu Musa Yar’adua.
At the dawn of democracy in 1999, Atiku was chosen by Olusegun Obasanjo as his running mate. However, after falling out with Obasanjo at the end of their tenure, in 2007 he defected and contested for the presidency on the platform of the Action Congress (AC). He was defeated by the late Umaru Musa Yar’adua of the PDP.
The former Vice President returned to the Peoples Democratic Party, in 2011 and challenged the former President Goodluck Jonathan for the PDP ticket. Atiku lost the party’s primary election to Jonathan. In 2015, Atiku led some PDP governors to the newly formed All Progressives Congress (APC) and challenged the late President Muhammadu Buhari and others for the presidential ticket, but lost the contest.
In 2019, Atiku returned to the PDP, won the primary, but lost the main election to the then President Muhammadu Buhari. In 2023, Atiku was also the PDP’s candidate, but lost to the incumbent President Bola Ahmed Tinubu.
In a widely publicised interview on television, Atiku recently disclosed that the 2027 election will be his last, fueling speculation that he will do everything humanly possible to clinch the ticket of the party.
(2) Rotimi Amaechi
Rotimi Amaechi, one of the top contenders for the ticket of the ADC, is a former Speaker of the Rivers State and a governor in the same Rivers. In 2023, after the tenure of the late President Muhammadu Buhari, Amaechi contested for the presidential ticket of the APC with President Tinubu and lost.
Ahead of the coming election in 2027, Amaechi joined forces with the opposition coalition in the ADC and is now battling with others to clinch the presidential ticket.
Rotimi Amaechi
As the battle for the ticket hots up, Amaechi was recently quoted in an interview with Trust TV, as saying that he did not purchase the nomination form of the ADC to step down or become a vice presidential candidate to anyone.
After his screening last week, Amaechi told journalists that he is a bonafide member of the ADC and will only accept the outcome of any consensus where he is part of and involved.
(3) Muhammed Hayatu-Deen
Muhammed Hayatu-Deen is another presidential aspirant that has been making waves ahead of the ADC presidential primary.
In 2023, Hayatu-Deen was one of the top presidential aspirants for the ticket of the party. He lost to Atiku.
Ahead of the primaries, Hayatu-Deen has urged delegates and stakeholders to use the primary to demonstrate the party’s readiness to offer Nigerians what he described as a credible alternative to failed governance and “recycled politics.”
Muhammed Hayatu-Deen
Speaking in Abuja at the weekend, Hayatu-Deen described the forthcoming primary election as a defining moment not only for the party but also for Nigeria’s political future ahead of the 2027 general elections.
He said. “Monday is not merely about selecting a candidate. Monday is about determining whether the ADC is truly serious about rescuing Nigeria and offering Nigerians a credible alternative to the failed politics they have endured for too long.”
Positioning himself as a unifying candidate capable of bridging regional, religious and generational divides, Hayatu-Deen argued that his candidacy represents a departure from established political figures.
“I am not on the carousel of the same old faces that Nigerians have seen for decades,” he stated. “I carry no political baggage. I owe no godfathers. What I bring is experience, credibility, integrity, calm leadership, and a practical recovery plan for Nigeria.”
The aspirant highlighted insecurity, unemployment, displacement and economic decline across North Central states, including Benue State, Plateau State, Niger State, Nasarawa State and Kogi State, describing persistent attacks on farming communities as both an economic and humanitarian crisis.
“A nation cannot prosper when the region that feeds it is bleeding,” he said.
The winner of the anticipated ADC presidential primary is expected to lead the party into the January 2027 presidential election and mount a challenge against incumbent President Bola Ahmed Tinubu of the APC and probably Mr Peter Obi of the Nigerian Democratic Congress (NDC).