Menlo Park, United States
Legendary Silicon Valley venture capital firm. Major investor in OpenAI, xAI, Sierra, and LangChain.
AI chip startup Etched is in talks to raise funding at a valuation of about $20 billion, quadrupling its prior mark, according to a Wall Street Journal report summarized by Investing.com on July 18, 2026. A separate round led by Sequoia Capital at a $10 billion valuation is also being explored, with Jane Street leading the larger proposed financing.
San Francisco startup Engram emerged from stealth on June 23, 2026 with $98 million in funding to build a learned memory layer for enterprise AI agents. The round, backed by General Catalyst, Kleiner Perkins, Sequoia and others, will fund training and deployment of models that compress organizational knowledge into reusable memory for AI systems.
On June 1, 2026, multiple outlets reported that Anthropic has closed a $65 billion funding round valuing the company at $965 billion, surpassing OpenAI’s private valuation. The round was led by Altimeter, Dragoneer, Greenoaks and Sequoia, with Google and Amazon also investing billions.