Conway wrote that he “will be stepping back from some of my usual activities,” but he will “continue to support” founders backed by his firm SV Angel.
The fundraise is 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.
Accel announced on Tuesday that it raised $5 billion in fresh capital to back late-stage companies building AI.
VCs are frothing at the mouth to write more checks to Anthropic at a valuation that matches or beats OpenAI’s.
The deal is interesting for a number of reasons, including that SiFive’s chip designs are based on RISC-V, not x86 or ARM.
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