The fundraise is the first major capital raise under Sequoia’s new leadership, with Alfred Lin and Pat Grady now serving as co-stewards of the 54-year-old firm.
Six of xAI’s 12 co-founders have departed, with five leaving in the past year alone—just as Elon Musk’s AI lab prepares for a major IPO following SpaceX’s acquisition.
At least nine engineers, including two cofounders, have announced their exits from xAI in the past week, fueling online speculation and raising questions about stability at Musk’s AI company amid mounting controversy.
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