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New leaders, new fund: Sequoia has raised $7B to expand its AI bets

Few venture firms have bet more aggressively on AI than Sequoia Capital, and it isn’t slowing down. The Silicon Valley stalwart has raised roughly $7 billion for a new fund, according to Bloomberg. Sequoia declined TechCrunch’s request for comment. The money will go toward what the firm calls its “expansion strategy” — essentially its late-stage […]

Slash, a Ramp competitor founded by teenagers, raises $100M at $1.4B valuation

Golden Smartphone with red $ signs popping out of the screen

Slash Financial, which offers business banking accounts, corporate credit cards, transfers, and crypto, has raised a $100 million Series C round at a $1.4 billion valuation from a crowd of A-list investors, the company announced. Fintech-focused Ribbit Capital, Khosla, and Goodwater Capital led the round. Returning investors NEA and Y Combinator also invested. Slash was […]

Netflix co-founder and chair Reed Hastings to leave board

Reed Hastings Netflix

Reed Hastings, the co-founder and chairman of Netflix, is leaving the company’s board when his term expires this summer. Hastings is stepping aside to focus on “philanthropy and other pursuits,” the company said in a letter to shareholders. The departure was revealed in the company’s first-quarter earnings report published Thursday. Hastings will officially leave the […]