Sequoia to join GIC, Coatue in Anthropic investment, FT reports

Jan 18 (Reuters) – 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 for up to $15 ‌billion from Microsoft and Nvidia .

Insatiable demand for AI and growing enterprise adoption has 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.

California-based Sequoia, founded in 1972, was an early investor in many ⁠top tech names including Google, Apple, Cisco and ‌YouTube.

(Reporting by Ananya Palyekar in Bengaluru, ‌Editing by Louise Heavens)