Sequoia Capital Joins Anthropic's $350 Billion Funding Round, Valuing Company at $350 Billion

Sequoia Capital is investing in Anthropic, a rival to OpenAI and xAI, valuing the company at $350 billion. The funding round is led by Singapore's GIC and US investor Coatue, with each contributing $1.5 billion. This move goes against Sequoia's tradition of picking one winner in a sector and avoiding competing companies. Anthropic's growing war chest includes commitments from Microsoft and Nvidia, and the company is expanding its global footprint with a new office in Bengaluru.