UAE MGX Injects Hundreds of Millions of Dollars into Anthropic, New Valuation Reaches Up to $20 Billion

It is rumored that UAE investment firm MGX plans to invest hundreds of millions of dollars in Anthropic’s latest funding round, which is expected to exceed 20 billion USD, with a valuation doubling to 350 billion USD. If confirmed, MGX will also hold equity in OpenAI, xAI, and Anthropic simultaneously.

MGX Rumored to Enter, Anthropic’s New Funding Round Expected to Reach 20 Billion USD

Sources close to the matter reveal that MGX is in negotiations and plans to invest “hundreds of millions of dollars” in Anthropic’s latest funding round, with the total funding expected to surpass 20 billion USD. The investment announcement could be made in the coming days. However, no final decision has been made, and the actual investment amount and structure may still be adjusted. MGX’s spokesperson declined to comment, and Anthropic has not responded to inquiries.

Funding Doubles and Valuation Surges to 350 Billion USD, Top Funds Queue Up

Reports indicate that Anthropic initially planned to raise 10 billion USD, but due to investor interest exceeding expectations, the latest round has been increased to over 20 billion USD, with the company’s valuation projected to reach 350 billion USD—almost double the previous valuation. According to a prior Bloomberg report, Coatue Management, Singapore’s sovereign fund GIC, and Iconiq Capital are each prepared to invest “over 1 billion USD” in this round.

Anthropic Actively Expanding into Finance and Legal Sectors, Becoming a Rising Star in AI Startups

In recent years, Anthropic has become a breakout success among AI startups, with annualized revenue growth exceeding twice the original level. The company recently launched its latest and most powerful AI model, aimed at financial research applications. Prior to this, Anthropic also entered the legal services sector, with related moves once impacting the stock performance of some traditional software companies.

(Anthropic’s new Claude Cowork launch causes sell-off, software and financial service stocks evaporate 285 billion USD in a single day)

MGX Becomes a Major AI Investor in Two Years, Middle Eastern Funds Continue to Expand Role

Founded about two years ago, MGX has become an active investor in the AI field. Besides Anthropic, it has also invested in OpenAI and Elon Musk’s xAI, forming a portfolio that bets on three top-tier AI companies simultaneously. Last year, MGX participated in a joint acquisition of Aligned Data Centers with BlackRock, valued at approximately 40 billion USD.

This funding round comes just about five months after Anthropic’s previous round, which raised 13 billion USD. Qatar Investment Authority was one of the main investors and is seen as a key turning point in Anthropic’s development. During that period, CEO Dario Amodei told internal staff that while emphasizing democratic values, the company chose to accept Middle Eastern capital and acknowledged potential external criticism. In October last year, Amodei met with MGX representatives during a visit to the Middle East to discuss future funding possibilities. The news of MGX participating in this new round is viewed as a continuation of those earlier discussions.

(AI Still Hot! SoftBank Increases Investment in OpenAI to 30 Billion USD, Anthropic Expands Funding Scale)

This article about UAE’s MGX reportedly investing hundreds of millions of dollars in Anthropic, with a new valuation exceeding 20 billion USD, first appeared on Chain News ABMedia.