Report
Lightspeed's AI pivot includes more than $3 billion invested in Anthropic
Newcomer reports that an April 2023 meeting set Lightspeed on a course toward bigger, riskier AI investments.
TLDR
Newcomer reports that Lightspeed changed its AI investment strategy after missing early stakes in companies including OpenAI. Following an April 2023 meeting, it invested $50 million in Mistral’s seed round that June, committed $1 billion to Anthropic’s Series E in January 2025 and has deployed more than $3 billion to Anthropic overall.
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