Sequoia Capital Goes All Out on AI Under New Leaders

In 2023, Gavin Uberti, Robert Wachen and Chris Zhu, the co-founders of AI chip startup Etched, were still Harvard University students living in a dorm room. That was when Uberti first met with partners from Sequoia Capital. The venture firm was among the first Etched pitched that year when raising a seed round that was trying to compete in the notoriously difficult semiconductor industry. Sequoia didn’t invest then. Recently, the Menlo Park, Calif., venture firm got another chance to invest...