Abu Dhabi’s MGX co-leads $30 billion funding round in AI startup Anthropic

Abu Dhabi tech investor MGX co-led a $30 billion funding round in U.S. firm Anthropic, the maker of the Claude AI chatbot.

The deal, led by Singapore’s sovereign wealth fund GIC and Coatue Management, roughly doubled Anthropic’s valuation to $380 billion.

Anthropic, founded in 2021, has rapidly grown its revenue run rate to $14 billion, focusing on safer AI applications for sectors like finance, healthcare, and software.

MGX, which was set up less than two years ago with support from Mubadala and tech conglomerate G42, has been expanding its U.S. tech footprint, including stakes in OpenAI and Elon Musk’s xAI, and participation in a $40 billion acquisition of Aligned Data Centres.