Sequoia to Join Funding Round for AI Startup Anthropic, FT Says

Sequoia Capital is planning a “big investment” in Anthropic, the artificial intelligence startup behind the chatbot Claude, according to the Financial Times.

Anthropic, founded in 2021 by former employees of OpenAI, is aiming to raise at least $25 billion via the funding round in a deal that values the company at $350 billion, the FT reported, citing people it didn’t name. GIC, Singapore’s sovereign wealth fund, and Coatue Management, are contributing $1.5 billion each, it said.

Deliberations are on and the amount could change, the FT said, adding the funding round is expected to close in the next few ...