Top Investments by Sequoia Capital 2023
Founded in 2001 and based in Menlo Park, California, Sequoia Capital is a venture capital firm that invests in private firms in their respective technological areas’ seed, early, and growth stages. The year was full of fluctuations, but Sequoia, known for its smart investment decisions, remained busy. There is nothing ordinary about these projects; they are unique in the business and technology worlds. This article examines notable investments of Sequoia Capital and their 2023 financial decisions, from innovative technologies to unexpected destinations.
Sequoia capital
Sequoia, an investment firm, works with three areas: the U.S. and Europe, India and Southeast Asia, and China. When California’s venture capital business barely started, Don Valentine started Sequoia in 1972 at Menlo Park.
In 1974, Sequoia established its inaugural venture capital fund, and the following year, it invested early in Atari. Sequoia was an early investor in Apple, joining the ranks of other firms in 1978. It wasn’t until 1996 that partners Michael Moritz and Doug Leone took over as senior partners.
Sequoia invests in private technology firms at seed, early, and growth stages. The Industry/sector Sequoia capital invests in includes sustainable tech, consumer internet, cryptocurrencies, healthcare, mobile, and robotics. The company’s history of successful early investments has garnered them much praise. The business has set itself apart from leading VC firms by expanding its investment portfolio beyond early-stage venture capital in the United States.
Notable Investments by Sequoia Capital
Here’s a breakdown of some key investments made by Sequoia Capital across different decades:
- 1970s- 1990: In the decades spanning the 1970s to the 1990s, Sequoia made impactful investments in pioneering companies such as Apple, Cisco, Google, Nvidia, and Webvan.
- 2000: Looking back at the 2000s, Sequoia played a role in the success of companies like Airbnb, Palo Alto Networks, ServiceNow, Unity Technologies, and YouTube.
- 2010: During the 2010s, Sequoia’s strategic investments included companies like 23andMe, StarkWare Industries, Instacart, Klarna, Nubank, Snowflake, Stripe, WhatsApp, and UiPath.
- 2020: In the 2020s, Sequoia Capital made noteworthy investments in companies such as BitClout, Bolt, Wiz, Loom, Shein, and StrongDM.
Top Investment by Sequoia Capital 2023
The following table on top investments by Sequoia Capital gives a full picture, focusing on notable businesses that were very important in shaping the year’s financial scene. Let’s explore the specifics behind Sequoia’s strategic choices here.
| S. No. | Organization Name | Funding Type | Announced Date | Money Raised (in USD) |
|---|---|---|---|---|
| 1 | Unity | Post-IPO Debt | 10-11-2023 | 1000000000 |
| 2 | Wiz | Series D | 27-02-2023 | 300000000 |
| 3 | OpenAI | Secondary Market | 28-04-2023 | 300000000 |
| 4 | Urbanic | Series C | 15-11-2023 | 150000000 |
| 5 | LayerZero Labs | Series B | 04-04-2023 | 120000000 |
| 6 | Island | Series C | 23-10-2023 | 100000000 |
| 7 | Iambic Therapeutics | Series B | 03-10-2023 | 100000000 |
| 8 | Apollo.io | Series D | 29-08-2023 | 100000000 |
| 9 | Cyera | Series B | 27-06-2023 | 100000000 |
| 10 | Temporal Technologies | Series B | 28-02-2023 | 75000000 |
| 11 | Cybersyn | Series A | 12-04-2023 | 62900000 |
| 12 | Graphiant | Series B | 28-03-2023 | 62000000 |
| 13 | Chainguard | Series B | 01-11-2023 | 61000000 |
| 14 | Semgrep | Series C | 18-04-2023 | 53000000 |
| 15 | Warp | Series B | 21-06-2023 | 50000000 |
| 16 | Rockset | Series B | 29-08-2023 | 44000000 |
| 17 | Linear | Series B | 14-09-2023 | 35000000 |
| 18 | Cortex | Series B | 31-05-2023 | 35000000 |
| 19 | Blockaid | Series A | 23-10-2023 | 33000000 |
| 20 | Dagster Labs | Series B | 24-05-2023 | 33000000 |
| 21 | Blues Wireless | Series A | 05-01-2023 | 32000000 |
| 22 | Collaborative Robotics | Series A | 26-07-2023 | 30000000 |
| 23 | Mad Street Den | Series C | 17-01-2023 | 30000000 |
| 24 | Upway | Series B | 16-11-2023 | 29903593 |
| 25 | Hex Technologies | Venture - Series Unknown | 23-03-2023 | 28000000 |
| 26 | Captions | Series B | 22-06-2023 | 25000000 |
| 27 | Caresync.website | Series A | 25-05-2023 | 21451171 |
| 28 | Harvey | Series A | 11-04-2023 | 21000000 |
| 29 | Two | Series A | 21-03-2023 | 19391745 |
| 30 | Oso | Series B | 20-06-2023 | 15000000 |
| 31 | CloseFactor | Series A | 17-01-2023 | 15000000 |
| 32 | Replicate | Series A | 21-02-2023 | 12500000 |
| 33 | Atlys | Venture - Series Unknown | 16-03-2023 | 12000000 |
| 34 | Caresync.website | Series A | 20-06-2023 | 10919975 |
| 35 | ChatGPT Tips | Seed | 01-01-2023 | 10000000 |
| 36 | Caldera | Funding Round | 13-02-2023 | 9000000 |
| 37 | Lightmetrics Technologies Private Limited | Series A | 05-04-2023 | 8500000 |
| 38 | REVER | Seed | 19-06-2023 | 8192808 |
| 39 | Turnkey | Seed | 22-03-2023 | 7500000 |
| 40 | Tavus | Seed | 20-03-2023 | 6100000 |
| 41 | Tavus | Seed | 07-09-2023 | 6100000 |
| 42 | TipLink | Seed | 21-02-2023 | 6000000 |
| 43 | Mach Industries | Seed | 15-06-2023 | 5700000 |
| 44 | Bloomfilter | Seed | 04-05-2023 | 5500000 |
| 45 | Dust | Seed | 27-06-2023 | 5478773 |
| 46 | Replicate | Seed | 21-02-2023 | 5300000 |
| 47 | Chkk | Seed | 25-10-2023 | 5200000 |
| 48 | Factory | Seed | 02-11-2023 | 5000000 |
| 49 | Pydantic Services | Seed | 16-02-2023 | 4670379 |
| 50 | Ava | Seed | 01-05-2023 | 4550000 |
| 51 | Gladia.io | Seed | 20-06-2023 | 4040390 |
| 52 | Rartogo | Seed | 10-02-2023 | 4000000 |
| 53 | Meeno | Seed | 26-09-2023 | 3900000 |
| 54 | CoinCRED | Seed | 28-03-2023 | 3500000 |
| 55 | Squint | Seed | 01-04-2023 | 3500000 |
| 56 | PingSafe | Seed | 18-07-2023 | 3300000 |
| 57 | Co:Helm | Seed | 11-09-2023 | 3200000 |
| 58 | Elyn | Pre-Seed | 08-03-2023 | 2637286 |
| 59 | PartyKit | Pre-Seed | 26-09-2023 | 2500000 |
| 60 | KINO | Pre-Seed | 10-10-2023 | 2000000 |
| 61 | Jitty | Pre-Seed | 27-08-2023 | 2000000 |
| 62 | Buidler DAO | Seed | 28-08-2023 | 2000000 |
| 63 | UBOXCARGO | Pre-Seed | 03-01-2023 | 2000000 |
| 64 | Klu.ai | Pre-Seed | 24-10-2023 | 1700000 |
Top 10 Investments by Sequoia Capital
Here’s a detailed list of the top 10 investments made by Sequoia Capital.
Unity
The San Francisco-based business Unity empowers creatives, engineers, and developers from sectors such as retail, energy, government, architecture, manufacturing, and augmented and virtual reality (AR/VR) to create and distribute dynamic 3D experiences on mobile devices, desktop computers, and the web. In addition to providing superior procedures for nearly every business, their solutions provide content producers with the means to entertain and develop novel RT3D experiences. As of November 2023, it had collected a debt load of $1,000,000,000 following its initial public offering.
Wiz
Founded in 2020, Wiz is a platform for cloud infrastructure security that enables enterprises to swiftly detect and eliminate critical threats in AWS, Azure, GCP, and Kubernetes. It scans all cloud resources using a single API connection per cloud in a Kubernetes environment. Wiz also finds the permutations that leave clouds open to intrusion. The company raised a total of $300,000,000 during its Series D round.
OpenAI
Intending to ensure that general-purpose AI helps everyone, OpenAI conducts AI research and deploys AI systems. Its founders are passionate about putting people and their needs above profits and think AI can assist in tackling huge global problems. Established in 2015, the company raised $300,000,000 through secondary market offerings.
Urbanic
Urbanic is an online-only brand that sells a wide range of fashionable clothes for women. In addition to trousers and loungewear, the product catalog features crop tops and more. You may download the app on both the iOS and Android systems. The headquarters of Urbanic lies in London, UK. On November 15, 2023, Urbanic completed its Series C investment round, which brought in around $150,000,000.
LayerZero Labs
With LayerZero, an omnichain interoperability protocol, you can build decentralized applications efficiently across several blockchains. LayerZero uses On-chain Ultra Light Nodes, which combine the affordability of a middle-chain and the security of light nodes, to connect decentralized applications across chains. The protocol provides a unified user interface for developers to transform their decentralized apps into omnichain applications. They raised $120,000,000 in its most recent Series B round of fundraising.
Island
The Island Enterprise Browser provides enterprises with total control, exposure, and governance across the last mile while maintaining the comparable Chromium-based browser interface that consumers have come to expect. This is because the key demands of the enterprise are organically built within the browser itself. When it first launched in 2020, Island was already revolutionizing how some of the world’s most prestigious companies approached employee engagement and workplace culture. They have raised $100,000,000 in investment through their Series C round.
Iambic Therapeutics
Iambic Therapeutics is a biotechnological research organization. It provides OrbNet, a platform for designing and generating small-molecule therapies powered by artificial intelligence (AI). Entos was the initial name of Iambic Therapeutics. With its headquarters in San Diego, California, it began its operations in 2019. The most recent investment round for Iambic Therapeutics was a Series B, which raised $100,000,000 in funding.
Apollo.io
Over 160,000 organizations and over one million users worldwide rely on Apollo.io as their go-to B2B sales analytics and interaction platform. It includes both fast-growing startups and some of the biggest corporations in the world. They successfully raised $100,000,000 in their most recent series D round. Apollo.io consolidates over 220 million contacts’ details and allows sales teams to communicate with them from a single environment. Using Apollo.io, sales professionals can automate the outreach process and discover the correct contact information, resulting in more clients.
Cyera
With Cyera, businesses get immediate access to data, eliminating uncertainty about the safety of their data stored in the cloud. It ensures that security teams have an accurate and up-to-date view of their data across all storage and cloud environments. Their most recent round of fundraising, a series B, raised $100,000,000. Cyera ensures that every part of a company follows the same rules and regulations and gives a solid foundation for risk management, compliance, and security initiatives right away, even when the system isn’t online or using agents.
Temporal Technologies
Temporal makes it possible for any program to deal gently and easily with errors. It is a free and open-source platform for orchestrating microservices and creating long-term processes in code. Providing a whole new approach to developing scalable and dependable apps simplifies creating trustworthy software for the cloud. Their most recent round, series B, successfully raised $75,000,000. Other investors include Addition, Amplify Partners, Greenoaks, Index Ventures, and Madrona.
Get valuation done by Eqvista for your funding round!
Startups seeking funding, assistance, or advice from Sequoia Capital can use the firm’s extensive technological understanding to break into new markets worldwide. Their longevity should come as no surprise. They have a smart crew that knows everything about investing. Because of this, Sequoia has built up a remarkable collection of preferred assets.
To tackle any difficulty head-on, Eqvista employs a team of valuation specialists who are highly knowledgeable in all relevant industries. Our company valuation services are available to start-ups, multinationals, and their main industry clients. Hire us for company valuations and IRS filing assistance at an affordable rate. Call us now!
