sequoia capital - Tech News from Simmons Systems

Tech News from Simmons Systems

sequoia capital

A collection of 20 posts

ElevenLabs Reaches $11B Valuation After $500M Series D Round

AI audio company ElevenLabs raises $500 million in a Series D round led by Sequoia Capital, pushing its valuation to $11 billion. The company plans to use the funds to expand its enterprise voice agent platform and global operations.

OpenAI Closes $300M Share Sale Amid Booming AI Investment

OpenAI completes a $300 million share sale that values the company between $27 billion and $29 billion. The deal brings in major venture capital firms while the broader AI sector continues to raise billions.

ElevenLabs Secures $500M, Reaches $11B Valuation in Voice AI Boom

ElevenLabs raises a massive $500 million round led by Sequoia Capital, pushing its valuation to $11 billion. The voice AI startup plans to use the funds to expand beyond audio into video and agent technologies.

Waymo Secures $16 Billion to Expand Robotaxi Service to London and Tokyo

Waymo raises a massive $16 billion funding round to accelerate its international expansion into over a dozen new cities. The Alphabet-owned company currently provides 400,000 autonomous rides weekly across six major U.S. markets.

techcrunch disrupt

TechCrunch Disrupt 2025 Kicks Off With 10,000 Attendees and Top VCs

TechCrunch Disrupt 2025 begins at Moscone West with massive crowds, the Startup Battlefield pitch competition, and major stage sessions featuring industry leaders. The multi-day event features hundreds of exhibiting startups and extensive networking opportunities across San Francisco.

Elon Musk's xAI Reaches $45 Billion Valuation After $6 Billion Raise

xAI secures $6 billion in a Series C round, doubling its valuation to $45 billion. The massive influx of cash aims to accelerate the development of its Grok AI model and build advanced infrastructure.

23andMe Board Members Resign En Masse Amid Takeover Stalemate

All independent directors at 23andMe abruptly resign after losing faith in CEO Anne Wojcicki's plan to take the company private. The mass departure drops the genomics firm's market cap to a mere $173 million.

Elon Musk's xAI Secures $6 Billion to Rival OpenAI

Elon Musk's AI startup xAI raises $6 billion in a new funding round, pushing its valuation to $24 billion. The company plans to use the capital to launch products and compete directly with ChatGPT maker OpenAI.

Musk's xAI Secures $6 Billion to Rival OpenAI and Google

Elon Musk's AI startup xAI raises $6 billion in a Series B round at an $18 billion pre-money valuation. The company plans to use the funds to launch products, build infrastructure, and expand its Grok chatbot beyond the X platform.

OpenAI Secures $300 Million in Separate VC Tender Offer at $29 Billion Valuation

OpenAI raises over $300 million from major venture capital firms in a secondary tender offer, reaching a valuation of up to $29 billion. This funding round operates completely separately from the $10 billion strategic investment Microsoft closes in January.

sequoia capital

Sequoia Capital Writes Down $210 Million FTX Stake to Zero

Venture capital firm Sequoia Capital marks down its $210 million investment in crypto exchange FTX to zero as a severe liquidity crisis threatens the company. Federal regulators also launch investigations into the sudden implosion of the once $32 billion platform.

sequoia capital

Sequoia Capital Writes Off $210 Million FTX Investment Amid Collapse

Sequoia Capital officially marks its $210 million FTX investment down to zero and alerts limited partners about the total loss. The firm publicly shares its letter to distance itself from the cryptocurrency exchange's sudden financial calamity.

Tech Industry Leads Rapid Pandemic Response and Adaptation

Tech companies recognize and react to the coronavirus threat long before the general public and government officials. Now, the industry continues to pioneer long-term workplace changes as the pandemic persists.

Phil Libin's mmhmm Releases Beta 2 With Copilot Presentation Feature

Virtual presentation software mmhmm opens its Beta 2 to a 100,000-person waitlist and introduces a multiplayer Copilot feature. The tool allows users to create highly produced, interactive video presentations directly from their computers.

Self-Driving Startup Aurora Acquires Lidar Firm Blackmore After Major Funding Round

Following a $530 million Series B round, autonomous vehicle company Aurora acquires lidar startup Blackmore and simulation company 7D Labs to bolster its sensor and data capabilities.