"Venture capital powerhouse Sequoia Capital is preparing to invest in Anthropic, the AI startup best known for its family of large language models, in one of the largest private funding rounds in tech this year. The deal is being led by Singapore's GIC and U.S. investor Coatue, each contributing roughly $1.5 billion, as part of a planned raise of $25 billion or more at a staggering $350 billion valuation."
"A shift in VCl strategy Traditionally, top-tier VC firms have avoided backing direct competitors simultaneously. The logic was simple: protect information flows and avoid internal conflicts of interest. Sequoia's willingness to back Anthropic despite existing stakes in other AI outfits signals a shift in how investors view the AI market. It reflects a belief that the sector is large enough to support multiple winners rather than requiring firms to choose a single champion."
Sequoia Capital is preparing to invest in Anthropic as part of a planned private raise of $25 billion or more at a $350 billion valuation. The round is being led by Singapore's GIC and U.S. investor Coatue, each contributing roughly $1.5 billion. Sequoia's participation comes despite existing stakes in rival AI builders such as OpenAI and xAI, indicating a shift toward backing multiple competing platforms. Anthropic has rapidly expanded since its founding by former OpenAI researchers, attracting talent and launching advanced models and enterprise features. The high valuation raises expectations and pressures competitors amid a global AI funding rush.
Read at TNW | Investors-Funding
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