ChainCatcher news, Sequoia Capital partner Roelof Botha posted on his social platform, "Seeing more and more regulators hurriedly imposing penalties and restrictions on businesses before the government is about to change. Their actions expose their illegitimacy. Widespread and erratic overregulation is stifling the U.S. economy."

ChainCatcher news reports that sources reveal venture capital firms will profit hundreds of millions of dollars from Stripe Inc.'s acquisition of the crypto platform Bridge for $1.1 billion in cash and stock.Institutions including Sequoia Capital, Ribbit Capital, Bedrock Fund Management, Index Ventures, and Haun Ventures have seen multiple returns on their investments in this startup. When Stripe agreed to acquire Bridge, it had been established for less than three years.Among them, Sequoia Capital holds a 16% stake in Bridge, potentially profiting over $100 million. It is reported that Sequoia Capital invested $19 million in Bridge's Series A funding round last year.Ribbit holds about 10% of Bridge, valued at approximately $100 million, while Bedrock and Index Ventures each hold about 6%, and Haun Ventures holds 4%. (Bloomberg)

ChainCatcher news, citing sources familiar with the matter, reports that OpenAI's latest round of financing is nearing completion, with the final list of investors to be determined this Friday.According to sources, OpenAI's $6.5 billion financing round has been oversubscribed, with market oversubscription amounting to several billion dollars, meaning some potential investors will not be able to participate in this round. Several strategic investors, including OpenAI's largest investor Microsoft, as well as new investors Nvidia and Apple, may have the opportunity to participate. This deal will value OpenAI at $150 billion.Sources also revealed that OpenAI's existing investor Sequoia Capital will not participate in this round of financing. Sequoia Capital recently invested in OpenAI's competitor Safe Superintelligence Inc., which was founded by OpenAI co-founder Ilya Sutskever, who left OpenAI earlier this year. Additionally, existing investor Thrive Capital will lead this round of financing, contributing $1.25 billion.

ChainCatcher news, according to The Block, Web3 payment company Bridge, founded by former Coinbase and Square employees, has completed a $58 million funding round, with participation from Sequoia Capital, Ribbit, Index, and Haun Ventures.Bridge is building a stablecoin-based payment platform that offers services such as cross-border payments and foreign currency exchange. It has already partnered with Bitso to launch stablecoin-based B2B cross-border payments in Latin America.

ChainCatcher news, ZK order book trading platform Vessel has completed a $10 million seed round financing, with participation from Sequoia Capital, Scroll co-founders Sandy Peng and Ye Zhang, Avalanche Foundation, Algorand Foundation, IMO Ventures, Folius Ventures, Incuba Alpha, and a number of angel investors.The funds from this round of financing will be used to: combine the efficiency of CEX with the transparency of DEX, improve liquidity efficiency, and develop advanced ZKP solutions for DeFi.

ChainCatcher news, according to Bloomberg, AI startup Fireworks AI has completed a $52 million financing round, led by Sequoia Capital, with participation from Nvidia, Advanced Micro Devices Inc., and MongoDB Inc. The company's total funding has reached $77 million, with a valuation of $552 million.It is reported that Fireworks plans to use the new funds to expand its team and intends to broaden its partnerships with AI companies. Fireworks aims to help businesses adopt generative AI, allowing them to access over 100 models through its platform.

ChainCatcher news, according to The Information, Musk's AI company xAI is raising $6 billion in funding, with a valuation of $18 billion excluding this round of financing. This round of funding is backed by institutions such as Sequoia Capital.Insiders say that the financing is expected to be completed within the next two weeks. This round of funding represents the largest capital raise among startups competing to develop technologies similar to OpenAI and Anthropic, which can converse and create art like humans.

ChainCatcher news, according to The Block, cryptocurrency wallet infrastructure provider Safe has acquired the Sequoia Capital-backed cryptocurrency vault management platform Multis.It is reported that this acquisition brings Multis' technology and its senior leadership team into the Safe ecosystem foundation. Former CEO of Multis, Thibaut Sahaghian, is becoming a key contributor in the Safe ecosystem, serving as the head of network abstraction.

ChainCatcher message, the cryptocurrency trading platform EDX Markets supported by Citadel Securities, Fidelity Investments, and Charles Schwab has completed a Series B funding round, with the specific amount undisclosed. New investor Pantera Capital and existing investor Sequoia Capital jointly led the round.EDX CEO Jamil Nazarali stated that the funds will be used to develop new technologies and expand EDX's influence in new international markets, but declined to disclose the specific scale of the Series B funding.

ChainCatcher news, former partner Michelle Fradin, who previously led Sequoia Capital's investment in FTX, announced on the X platform that she has joined OpenAI. Michelle will be responsible for data work to help OpenAI (ChatGPT) build more useful models.

ChainCatcher news, Alfred Lin, a partner at Sequoia Capital who previously led investments in FTX, issued a statement on social media expressing agreement with the swift and consistent conviction of FTX founder SBF. SBF misled and deceived many, including customers, employees, business partners, and investors, including himself and Sequoia Capital. Following the collapse of FTX, Sequoia Capital immediately reviewed its due diligence process and assessed its 18-month working relationship with SBF, stating that they had been intentionally misled and deceived by lies.He also added that over the past year, they maintained silence during the prosecution's case-building and trial period and are pleased to finally see the trial come to an end.

ChainCatcher news, Sequoia Capital managing partner Roelof Botha was interviewed by Bloomberg's Emily Chang on October 3, discussing Sequoia's investment strategy and industry insights.Regarding investment strategy, Roelof stated that Sequoia is "focusing on fundamentals," and he advised investment firms to prioritize the development of their own business fundamentals, as this is the most critical factor that companies can control. Excellent companies can continue to grow in any macro environment.Sequoia Capital's investment strategy in the AI sector mainly focuses on the application layer, while also paying attention to early-stage entrepreneurial opportunities. Over the past year, 60% of Sequoia's investments have gone into AI-related fields, which include 17 stealth-mode startups and 5 early teams where investment terms were established before the company was founded.Sequoia Capital believes that the growth potential and impact brought by AI applications are comparable to the internet and cloud computing, and they are very optimistic about the future prospects. Sequoia Capital will continue to delve into the early stages, discovering outstanding entrepreneurial teams in the AI field. In addition to AI, sectors such as healthcare and defense are also receiving significant attention.

ChainCatcher news, according to Cointelegraph, 18 FTX investment firms including Temasek, Sequoia Capital, and SoftBank have been named as defendants in a class-action lawsuit filed in Miami due to their association with the now-bankrupt cryptocurrency exchange FTX. The plaintiffs claim that these investment firms are responsible for "aiding and abetting" FTX's fraud. The plaintiffs point out that the FTX cryptocurrency exchange violated multiple securities laws and misappropriated customer funds, while the defendants assert that they conducted due diligence.