Sequoia Capital launches two new funds with a total size of $950 million

Foresight News reported, according to Techcrunch, that Sequoia Capital announced on Monday the launch of two new funds, with sizes nearly equivalent to those launched about three years ago: a $750 million early-stage fund targeting Series A startups, and a $200 million seed fund. Sequoia Capital intends to return to its core mission: investing in promising founders at the very earliest stages of company formation. As valuations for artificial intelligence startups soar, Sequoia Capital hopes to leverage the new funds to invest in the most promising founders at the outset of their entrepreneurial journey.