Sequoia Capital Leads Major Anthropic Funding Round with GIC & Coatue

Venture capital firm Sequoia is joining Singapore's GIC and U.S. investor Coatue in a funding round for Anthropic, which aims to raise $25 billion at a $350 billion valuation, the Financial Times reported on Sunday, citing sources familiar with the matter. Singapore's sovereign wealth fund GIC, and Coatue will contribute $1.5 billion each for the Claude chatbot-maker, the newspaper said. Sequoia, Anthropic, GIC and Coatue did not immediately respond to a Reuters request for comment. Reuters could not immediately verify the report. Last year, Anthropic secured commitments from Microsoft and Nvidia totaling up to $15 billion. Insatiable demand for AI and growing enterprise adoption have driven tech spending higher globally, pushing valuations of AI startups like Anthropic to record levels, even as concerns about an AI bubble loom. Anthropic last raised $13 billion in a Series F round that valued the company at $183 billion, the company said in early September.