Technology
A new report claims Sequoia's recent changes undo the legacy of the firm's former steward.
Sequoia pioneered the scouts model and many VC firms followed suit, but a consensus now seems to be forming that the model has reached limits in its current form.
Sequoia Capital is closing its London office after six years, shutting Arc and Scouts and merging its teams. Two London partners stay in Europe.
Sequoia is consolidating into a smaller, Bay Area–centered firm, shutting down the programs and offices it built during a 20-year expansion while announcing roughly $10 billion in new funds.
Traversal’s CEO says AI-written software breaks ‘in fundamentally new ways’. Its agents find the cause, and investors now value it at $1B.
Serval Series C: Jake Stauch calls Serval ‘a true alternative replacement for platforms like ServiceNow’ as Sequoia leads $150m at $3bn.
Business & Economy
Whop closed a $200M Series D led by Sequoia Capital and Shopify Ventures at a $5.1B valuation. The platform hosts 25,000 operators generating $550M monthly, with cumulative transactions past $7B across 185 countries. Its Whop CLI handles 350,000+ AI agent calls per day.
Technology
Nevis, founded by former Revolut executives, has raised a $70m Series B led by EQT Ventures, with Charles Schwab and QuantumLight joining.
World News
Blacksmith, a platform that lets companies build and test AI code more effectively, just announced a $66 million Series C round led by Sequoia that values the company at $1 billion.
Technology
Just 9 months after raising a $180 million seed round, Flapping Airplanes has landed a $1 billion Series A for its mission to build AI models "without ingesting half the internet."