After backing OpenAI and xAI, Sequoia set to back another rival, Anthropic

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Sequoia Capital is joining the group of investors funding artificial intelligence (AI) startup Anthropic, valuing the company at $350 billion, according to a report in the Financial Times.

Sequoia’s portfolio already includes OpenAI and xAI. All three companies are direct rivals.

Anthropic’s funding round is being led by Singapore’s sovereign wealth fund rel=”dofollow” href=”https://economictimes.indiatimes.com/general-insurance-corporation-of-india/stocks/companyid-12266.cms” target=”_blank”>GIC and US investor Coatue. Each fund will contribute $1.5 billion to Anthropic’s raise, which is targeting $25 billion or more.

The round is expected to double the Claude-maker’s $183 billion…



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We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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After backing OpenAI and xAI, Sequoia set to back another rival, Anthropic



Sequoia Capital is joining the group of investors funding artificial intelligence (AI) startup Anthropic, valuing the company at $350 billion, according to a report in the Financial Times.

Sequoia’s portfolio already includes OpenAI and xAI. All three companies are direct rivals.

Anthropic’s funding round is being led by Singapore’s sovereign wealth fund rel=”dofollow” href=”https://economictimes.indiatimes.com/general-insurance-corporation-of-india/stocks/companyid-12266.cms” target=”_blank”>GIC and US investor Coatue. Each fund will contribute $1.5 billion to Anthropic’s raise, which is targeting $25 billion or more.

The round is expected to double the Claude-maker’s $183 billion…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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