The Sequoia Capital partner responsible for investments in the fields of encryption and AI is about to leave

ChainCatcher news, according to The Information, Sequoia Capital partner Divya Gupta is set to leave. Gupta has been involved in seed and early-stage investments in cryptocurrency and artificial intelligence during her time at Sequoia Capital.

According to previous reports from ChainCatcher, Sequoia Capital apologized to investors during a conference call for its $150 million loss in the FTX incident, stating that the company had conducted due diligence on FTX, but the company's founder Sam Bankman-Fried misled them about the connection between FTX and Alameda Research. The firm will improve its due diligence process going forward and have accounting firms audit the financial statements of early-stage startups. (source link)