(Bloomberg) — In the quiet days before Christmas last year, when most venture capitalists had retreated to holiday escapes in Aspen or Jackson Hole, Lightspeed Venture Partners’ investing team was contemplating a bid for a piece of OpenAI rival Anthropic.
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The venture capital firm approached Anthropic with an offer to lead a multibillion-dollar investment, according to a person familiar with the matter. An agreement quickly took shape: a $2 billion funding round at a $60 billion valuation, tripling what the startup was worth a year earlier. By early January, the deal was effectively done.
With $25 billion under management, Lightspeed is part of a rarified strata of VC firms willing and able to back tech’s hottest, and most expensive, companies. In addition to Anthropic, Lightspeed has recently participated in a large funding round for artificial intelligence company Databricks Inc. that valued it at $62 billion, as well as an investment in Elon…
2025-01-24 15:58:38
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