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AI Startup Eyes $350B Valuation in Mega-Deal
18 Jan
Summary
- Anthropic aims to raise at least $25 billion in a new funding round.
- The AI startup is seeking a valuation of $350 billion for the deal.
- Sequoia Capital is planning a significant investment in Anthropic.
Artificial intelligence startup Anthropic is on the verge of securing a massive funding round, with plans to raise at least $25 billion. This significant investment would propel the company's valuation to an extraordinary $350 billion. Sequoia Capital is reportedly leading this "big investment" into the AI firm. The deliberations are ongoing, and the final amount could still be adjusted in the coming weeks.
Industry giants GIC, Singapore's sovereign wealth fund, and Coatue Management are also poised to contribute $1.5 billion each to this funding round. This substantial capital injection underscores the immense investor interest in advanced AI development. Anthropic, founded in 2021 by former OpenAI employees, continues to attract significant attention for its innovative chatbot, Claude.
This latest funding effort follows earlier reports from January, where Bloomberg News and The Wall Street Journal indicated Anthropic was raising $10 billion at the same $350 billion valuation. Previously, Microsoft and Nvidia had announced combined investments of up to $15 billion in the company, highlighting Anthropic's strategic importance in the rapidly evolving AI landscape.
