Sequoia

OpenAI has acquired Odessia, a year-old AI travel agent startup founded by Sonder founder Francis Davidson, in what appears to be an acqui-hire; terms were not disclosed. Odessia had raised a $6 million pre-seed led by Sequoia and its travel agent helped early users plan millions of dollars in trips, but the product has already been shut down. The move signals OpenAI's push into travel, a high-frequency use case for personal AI assistants.

Nvidia and its venture arm NVentures took part in 79 funding rounds last year, more than any traditional VC firm, with Nvidia alone in 65, trailing only Sequoia and a16z. Corporate investors appeared in 38% of $100M+ rounds, underscoring how chipmakers are using capital to lock in the AI ecosystem.