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Six Major VCs Including Sequoia and a16z Sign MOU with South Korea's National Pension Fund to Boost Investment in AI and Other Strategic Industries
According to Korean media Asiae, six top Silicon Valley VC firms, including Sequoia Capital, a16z, Khosla Ventures, Lightspeed Venture Partners, General Catalyst, and NEA, announced the signing of a strategic investment cooperation memorandum of understanding (MOU) with the South Korean National Pension Service (NPS), planning to jointly explore investment opportunities, share investment information, and strengthen their global venture capital layout. Additionally, with the South Korean government accelerating policies to attract overseas venture capital, coupled with the launch of the 200 trillion won "National Growth Fund," the market expects the Korean venture capital sector to see simultaneous inflows of policy funds, private capital, and overseas capital, with strategic industries such as AI and semiconductors expected to receive more investment. However, industry insiders warn that if a large amount of capital concentrates on a few popular enterprises, it may push up corporate valuations and create bubbles, potentially facing valuation correction pressure during future IPO and M&A exits, affecting fund return rates.
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AI infrastructure startup Fireworks AI completes $1.5 billion funding round, led by Index Ventures and others
AI infrastructure startup Fireworks AI has announced the completion of a $1.5 billion financing round, valuing the company at $17.5 billion. The company, previously backed by NVIDIA, primarily provides developers with cloud-based services for running open-source AI models, helping enterprises deploy AI applications at lower costs. This funding round was led by Atreides Management, Index Ventures, and TCV, with participation from NVIDIA, Evantic, and Lightspeed Venture Partners, among others. Currently, Fireworks processes approximately 40 trillion AI tokens daily. Its clients include companies such as Elastic, GitLab, and MongoDB. Previously, over half of its revenue came from the AI coding tool Cursor, but its client base has since become more diversified. (CNBC)
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Anthropic to Raise $50 Billion in Funding, Valuation May Reach $90 Billion
According to the UK’s Financial Times, AI company Anthropic is considering launching a new funding round this summer, with a maximum fundraising target of $50 billion and a pre-money valuation of approximately $900 billion—potentially surpassing OpenAI (valued at $852 billion in March) to become the world’s most highly valued AI company. So far, investment firms including Dragoneer, General Catalyst, and Lightspeed Venture Partners have proactively expressed interest in investing. Sources indicate that Anthropic’s annualized revenue is poised to exceed $45 billion—roughly five times its $9 billion year-end figure from last year. This funding round is expected to close within two months and pave the way for an IPO later this year.
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