Anthropic Set to Raise About $20B in Fundraising Deal: FT

Anthropic is set to raise about $20b from venture capitalists and other investors, double the amount initially targeted, the Financial Times reports, citing people familiar with the matter.

• Fundraising would value company at $350b
• Anthropic will lock in an initial $10b to $15b from investors as early as Tuesday, before completing the raise in coming weeks
• GIC, Coatue leading the deal; Sequoia Capital also making a big investment in Anthropic as part of the round
• Existing backers including Iconiq Capital, Lightspeed Venture Partners, Menlo Ventures, G Squared and Factorial Funds expected to participate in the round
• Anthropic declined to comment ...