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New leaders, new fund: Sequoia has raised $7B to expand its AI bets

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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.

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Ekiti 2026: Re-elect Oyebanji for second term – Tinubu tells residents

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President Bola Ahmed Tinubu has commended Governor Biodun Oyebanji’s performance in office, telling Ekiti voters that the governor came into leadership fully prepared to serve the people.

Speaking ahead of the June 20 governorship election, Tinubu urged residents to re-elect Oyebanji for a second term.

The endorsement came on Tuesday at the All Progressives Congress mega rally in Ado-Ekiti. The venue was packed with party faithful, allies from other political groups, and supporters across religious and ethnic lines, all showing solidarity with Oyebanji’s re-election bid.

Represented by Vice President Kashim Shettima, President Tinubu praised Ekiti citizens for their loyalty to the APC over the years.

He described the state as fortunate to have Oyebanji at the helm of affairs, noting that the governor’s actions and policies prove that true leadership is about serving people, not oppressing them or undermining their rights.

Tinubu highlighted Oyebanji’s humility, patience, and respect for traditional rulers and past leaders, pointing out the absence of opposition posters across the state as a sign of Oyebanji’s wide acceptance.

“On Saturday, go out and re-elect this humble and peaceful man to further serve you better,” Shettima said on Tinubu’s behalf. The President then symbolically handed Oyebanji over to former governors and first ladies, urging them to secure victory for him.

Chairman of the APC National Campaign Council and Kaduna State Governor, Uba Sani, described Oyebanji’s popularity as electrifying.

Chairman of the APC Governors Forum and Imo State Governor, Hope Uzodinma, said the party’s visibility in Ekiti was unmatched. He noted that only the APC had campaigned market to market and house to house.

APC National Chairman, Prof Nentawe Yilwadta, insisted the party’s confidence was rooted in Oyebanji’s connection to the people, not just in being the ruling party.

A visibly elated Governor Oyebanji, joined by his wife Dr Olayemi Oyebanji and Deputy Monisade Afuye, said he was not relying on federal might but on his record and the promises he kept since 2022.

He appealed for a peaceful election and promised that his second term would surpass the achievements of the last three and a half years.

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Nigerian Striker Toyosi Olusanya Completes Permanent Move to Aberdeen on Two-Year Deal

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Scottish Premiership club Aberdeen have secured the permanent signing of London-born Nigerian striker Toyosi Olusanya, with the forward committing his future to the club on a two-year contract after an impressive loan spell.

READ ALSO: Isaac John Turns Heads at Ex-Internationals Cup in Lagos, Declares Himself Ready for the Big Stage 

Sports247 reports that the 28-year-old joins the Dons as a free agent following the expiration of his contract with Major League Soccer side Houston Dynamo. His arrival marks another key addition to manager Stephen Robinson’s rebuilding project ahead of the new season.

Olusanya spent the second half of the previous campaign on loan at Aberdeen, where he quickly adapted to life in Scottish football.

During his stint, he made 18 appearances across all competitions and contributed three goal involvements, earning the confidence of the coaching staff and convincing the club to pursue a permanent deal.

The striker’s work rate, physical presence, and attacking versatility made him a valuable option during his loan spell, and Aberdeen will be hoping he can build on that foundation as they prepare for the challenges of the upcoming Premiership campaign.

His signing represents the fifth addition to Robinson’s squad during the summer transfer window as the club continues to strengthen its roster with an eye on domestic success and improved performances across all competitions.

Born in London and eligible to represent Nigeria, Olusanya has enjoyed a career spanning English football and Major League Soccer before making the move north of the border.

The permanent transfer offers him the opportunity to continue his development in a familiar environment after settling into the team during his loan period.

For Aberdeen, retaining a player who already understands the club’s style and expectations provides continuity as they reshape the squad for the new season.

Supporters will be eager to see the Nigerian forward translate his promising displays into consistent goals and assists over the course of the campaign.

With his future now secured at Pittodrie, Olusanya begins the next chapter of his career aiming to establish himself as a key figure in Aberdeen’s attack and help the club compete strongly in the Scottish Premiership.

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