PANews reported on October 29th, citing TechCrunch, that 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.