News list for "Sequoia Capital"
Venture capital firm Sequoia Capital, which owns a 16% stake in stablecoin platform Bridge, is expected to earn more than $100 million from Stripe's $1.10 billion acquisition of Bridge. Sequoia invested $19 million in Bridge's Series A round last year, according to people familiar with the matter. Other venture capital firms will also receive hundreds of millions of dollars in windfalls from Bridge's stake, including Ribbit Capital, Haun Ventures, Index Ventures and Bedrock Fund Management. Ribb...
Musk's xAI is close to raising $6 billion from Sequoia Capital and others.
On April 26th, according to The Information, Musk may be about to receive billions of dollars in funding to build his chatbot Grok into a rival of ChatGPT. Two people familiar with the matter said that Musk's one-year-old startup xAI is raising $6 billion, excluding this investment, valuing the company at $18 billion. Sequoia Capital is one of the investors participating in this round of xAI financing, one of the people said, and another person familiar with the matter said that the financing is...
Musk may be on the verge of securing billions of dollars in funding to build his chatbot Grok into a rival to ChatGPT. Musk's year-old start-up xAI is raising $6 billion, valuing the company at $18 billion excluding that investment, according to two people familiar with the matter. Sequoia Capital is one of the investors involved in this round of xAI financing, and another person familiar with the matter said the financing is expected to be completed in the next two weeks. On the artificial inte...
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