Sequoia Capital Intensifies AI Deal Push Under Alfred Lin and Pat Grady

Sequoia Capital is accelerating its AI investment drive under co-stewards Alfred Lin and Pat Grady, combining a roughly $7 billion expansion fund with an unusually hands-on campaign for contested deals. The clearest recent example is its lead role in Etched's $300 million Series C at a $10.3 billion valuation after passing on the AI-chip startup's seed round in 2023.