"Japanet Holdings has quadrupled its venture capital fund to $200 million after early investments through Pegasus Tech Ventures in Anthropic, xAI, SpaceX, and OpenAI generated extraordinary paper returns."
"The fund, launched in March 2021 with Pegasus Tech Ventures as general partner, was initially designed to connect global startups with Japanet's operations in Nagasaki."
"Anthropic alone has appreciated from a $550 million valuation in 2021 to $380 billion in 2026, showcasing the remarkable growth potential in the AI sector."
"The expansion turns a five-year-old experiment in corporate venture capital into one of the more improbable success stories in AI investing."
Japanet Holdings has expanded its venture capital fund to $200 million, significantly increasing from its initial $50 million. This growth follows successful early investments in AI companies like Anthropic, xAI, SpaceX, and OpenAI, which yielded extraordinary returns. Anthropic's valuation skyrocketed from $550 million in 2021 to $380 billion in 2026. The fund, launched in March 2021, aimed to connect startups with Japanet's operations but unexpectedly became a notable player in AI investing, showcasing the potential of Japanese capital in the AI sector.
Read at TNW | Anthropic
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