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Sequoia Said to Join GIC and Coatue in Anthropic Round Targeting $25 Billion at $350 Billion Valuation

The reported move would mark a rare bet on direct rivals for Sequoia, underscoring shifting norms in AI investing.

Overview

  • The Financial Times reported that Sequoia will participate alongside Singapore’s GIC and U.S. investor Coatue in a new Anthropic raise.
  • Anthropic is reportedly seeking $25 billion or more at an approximately $350 billion valuation, with GIC and Coatue expected to invest $1.5 billion each.
  • Reuters said it could not immediately verify the FT’s report, and the firms involved did not comment, with earlier coverage having suggested a round closer to $10 billion.
  • Microsoft and Nvidia previously committed up to $15 billion combined to Anthropic, reflecting deep strategic ties around compute and enterprise adoption.
  • Sequoia’s participation would follow its stakes in OpenAI and xAI, a notable departure from the firm’s past practice of avoiding direct portfolio conflicts, with some reports also describing IPO preparation as early as 2026.