Sequoia joins GIC and Coatue in proposed $25 billion Anthropic round

The Financial Times reports Sequoia is joining Singapore’s sovereign wealth fund GIC and U.S. investor Coatue in a proposed funding round for Anthropic that aims to raise $25 billion and would value the artificial intelligence company at $350 billion. Reuters and other outlets relayed the FT account, while Reuters said it could not immediately verify the report and that Anthropic, Sequoia, GIC and Coatue did not respond to requests for comment.

According to the FT’s description, GIC and Coatue would each commit roughly $1.5 billion to the round. The FT names Sequoia as part of the investor group but does not specify how much cash Sequoia would contribute in the accounts summarized by Reuters. If completed on the terms reported, the round would push Anthropic’s private valuation far beyond the level disclosed in its Series F last year, when the company said it had raised $13 billion at a $183 billion valuation.

Anthropic, the San Francisco–area startup behind the Claude chatbot, has been a focal point of investor interest as companies rush to commercialize large language models and embed them into enterprise systems. Last year the company secured commitments from Microsoft and Nvidia totaling as much as $15 billion, a pact that underscored the strategic importance of cloud compute and chip supply to AI scale-up. The new round, as portrayed in the FT account, would give Anthropic a massive war chest to accelerate product development, expand enterprise sales and buy additional compute capacity.

Market observers and some investors see such mega‑rounds as a reflection of surging demand for AI tools that enterprises are adopting for productivity and automation. Higher spending on cloud services and chips has buoyed valuations in a narrow group of AI startups. At the same time, some analysts warn of signs that valuations may be overheating, raising questions about whether expectations for revenue growth will match the sums investors are willing to commit.

Sequoia Capital, founded in 1972 and noted for early bets on companies including Google and Apple, would add a storied venture firm’s backing to an investor list already heavy with strategic and large institutional players. GIC, Singapore’s sovereign wealth fund, and Coatue, a New York investment firm, would further broaden the mix between public‑scale capital and private venture expertise.

Key elements of the FT account remain unconfirmed. The sourcing for the report is described as unnamed people familiar with the matter, and neither the precise structure of the deal nor a closing timeline has been disclosed. It is unclear whether the reported $1.5 billion commitments from GIC and Coatue are firm or conditional, and Sequoia’s specific monetary role was not reported in the accounts summarized by Reuters.

The size and ambition of the proposed round would accentuate debates about governance, safety and market concentration in advanced AI. Concentrated capital can accelerate capability development but also centralize decision making over how models are built and deployed, with implications for access, competition and responsibility. For now, the report signals how aggressively some investors are positioning around AI incumbents; whether the financing closes on the terms reported will determine how that positioning reshapes the competitive landscape.