According to TechCrunch, Sequoia Capital announced the launch of two new funds on Monday, roughly the same size as the funds launched about three years ago: a $750 million early-stage fund targeting Series A startups, and a $200 million seed fund. Sequoia Capital aims to return to its core mission: investing in promising founders at the very beginning of a startup's development. With valuations of AI startups soaring, Sequoia hopes to use the new funds to invest in the most promising founders at the very start of a startup's journey.