After investing in OpenAI and xAI, Sequoia set to back another rival, Anthropic

Anthropic's funding round is being led by Singapore's sovereign wealth fund GIC and US investor Coatue. Each fund will contribute $1.5 billion to Anthropic's raise, which is targeting $25 billion or more. The round is expected to double the Claude-maker's $183 billion valuation from September's Series F round.