"The investment is part of an exceptionally large financing round. Anthropic aims to raise $25 billion or more at a valuation of approximately $350 billion, more than double what it was a few months ago. The round is led by Singapore's sovereign wealth fund GIC and investor Coatue, each contributing $1.5 billion. In addition, Microsoft and Nvidia are said to have committed up to $15 billion, with additional contributions from other investors."
"Sequoia's move is notable because the fund already has interests in OpenAI and xAI. Traditionally, venture capitalists avoid such portfolio overlap, partly to prevent conflicts of interest and information leaks. This tension was explicitly mentioned last year by OpenAI CEO Sam Altman, who testified under oath that investors with access to confidential OpenAI information could lose that access if they actively invest in competitors. Such agreements are considered standard protection for sensitive knowledge within the sector."
"Against this backdrop, Sequoia's new position is all the more remarkable. Moreover, the relationship between Sequoia and Altman goes back years. The fund supported Altman in his first startup and later played a role in his network around Stripe, one of Sequoia's most successful investments. Alfred Lin, now co-leader of Sequoia, has also spoken openly and positively about Altman in the past."
Sequoia Capital is preparing a major investment in Anthropic, breaking Silicon Valley’s unwritten rule against funding direct competitors. Anthropic seeks $25 billion or more at an approximate $350 billion valuation, with GIC and Coatue each contributing $1.5 billion and Microsoft and Nvidia committing up to $15 billion alongside other investors. Sequoia already holds stakes in OpenAI and xAI, creating potential portfolio overlap that VCs traditionally avoid to prevent conflicts of interest and information leaks. OpenAI CEO Sam Altman testified that investors with confidential access could lose it if they invest in competitors. Sequoia has longstanding ties to Altman and prior involvement with Musk-linked ventures.
Read at Techzine Global
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