Sequoia to invest in Anthropic as valuation reaches $350 billion
According to the Financial Times, Anthropic is looking to raise $25 billion or more. Sequoia, already an investor in OpenAI and xAI, is set to take part.
According to the Financial Times, the well-known venture firm Sequoia Capital is set to join Anthropic's new funding round.
The numbers
- Anthropic is looking to raise $25 billion or more
- At a valuation of $350 billion, more than double the $170 billion of four months earlier
- Singapore's GIC and Coatue are leading, with $1.5 billion each
- Microsoft and Nvidia have together committed up to $15 billion
Why it stands out
Sequoia is already an investor in OpenAI and xAI. In venture capital, backing direct rivals at the same time has traditionally been unusual. Sam Altman had previously said that investors who back competitors would lose access to OpenAI's confidential information.
Reports also say Anthropic is preparing for a possible stock market listing (IPO), potentially as early as this year.
This is a report and has not been officially announced.
Founder and editor-in-chief of Kurd Developers. Phone and tech news on YouTube, Instagram and TikTok.
More stories
One text can break your phone: Android's 'SMS of Death' explained
A flaw in Android 12 and later lets a specially crafted SMS drop calls and even make a phone unusable. The fix is in October's security patch.
GTA VI lands November 19: prices, editions and what to know
Rockstar has locked the date: Thursday, November 19 on PS5 and Xbox Series X|S. Standard costs $79.99 and Ultimate $99.99.
Apple's first touchscreen MacBook Pro brings OLED and Dynamic Island
The new PROLED XDR display responds to touch, the notch is gone and Dynamic Island takes its place. Prices start at $2,899.
The $1,999 iPhone Duo Has a Black-Bar Problem, and Fixing It Is Harder Than It Looks
Apple's first foldable is a hardware flex. But unfold it and many of your apps shrink into a phone-shaped window floating in black. Here's why the app world wasn't ready, and why developers can't just hit "stretch".