By Mashable staffThe Sequoias Seed Fund has raised more than $3 billion to support startups and early stage businesses, a record amount of seed funding for a public company.
The fund’s biggest investment came from Amazon, which invested $500 million.
It will support the company’s next big thing: Amazon Web Services, the cloud-based computing platform for data centers.
Amazon will give the Sequosias an additional $400 million to fund a new seed fund, which will be able to grow and invest in its first billion-dollar seed fund.
The seed fund is expected to launch in 2019.
Sequoires fund is one of several private equity firms that have backed startups with seed funding.
It’s also one of the largest private equity funds in the U.S., and it has a large presence in Silicon Valley.
The Sequosis $3bn seed fund will be backed by Sequoirose Capital, which specializes in private equity.
The Sequoire funds fund is an affiliate of Sequois investment arm, Sequoirse, which also invests in private companies.
The new seed funding will go towards startups with business models that are at the intersection of cloud computing, big data, big finance, healthcare and education.
Sequos, the Sequoise’s founders, say they have seen the opportunities in the cloud and data center in the past, and have been excited about the future.
“Sequoire is committed to providing opportunities to disrupt the way we live and work,” the Sequomes said in a statement.
“We see the opportunities to build an inclusive and sustainable cloud, bigdata, finance, and education ecosystem that will benefit people, communities, businesses and the planet.”
The Sequroias seed fund was formed to support companies with a strong business model that uses data, data science, data visualization, machine learning, big-data analytics, artificial intelligence, artificial life, cloud computing and other innovations.
It also aims to support new companies that could take on a larger role in the business world.
The seed fund aims to bring together startups and investors that are focused on growing the value of the cloud, data center, and big data.
This includes startups looking to develop new products, such as software-defined networking (SDN), that are used to build applications for large enterprises.