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175 A Major Anthropic Backer Quintuples an AI Math Startup’s Valuation in New Deal

The Information
Stephanie Palazzolo @ The Information · today 10:00 EDT

A Major Anthropic Backer Quintuples an AI Math Startup’s Valuation in New Deal

Investors usually fund startups based on metrics involving revenue, profits or product usage. But investors backing newer AI research startups that are taking on Anthropic and OpenAI have to rely on other measures of success, such as incremental research breakthroughs or recent talent hirings. One example is AI math startup Axiom, which is raising more than $100 million in new funding led by Menlo Ventures, a major Anthropic backer, at a $1.5 billion valuation, according to a person involved in the round. A

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