Sequoia Capital is lining up a big investment into Anthropic, throwing its weight behind the AI start-up for the first time as part of a funding round set to raise tens of billions of dollars. The Californian venture capital group is joining a funding round led by Singaporean sovereign wealth fund GIC and US investor Coatue, which are contributing $1.5bn each, according to multiple people with direct knowledge of the deal. These people said Anthropic is aiming to raise $25bn or more in total in a deal that values the company at $350bn, more than doubling its $170bn valuation just four months ago. Tech giants Microsoft and Nvidia have committed to invest up to $15bn in total into the company, with venture capitalists and other investors contributing another $10bn or more, they added.

Full report : Sequoia plans a big investment in Anthropic, joining a round led by GIC and Coatue, which are investing $1.5 billion each, as Anthropic aims to raise more than $25 billion.