Al Moammar Information Systems (MIS) invests $5 Million in Anthropic

The company announced today, January 21, 2024 that it has invested ($5) mln in holding Anthropic company. This investment is part of Anthropic’s Series D funding round at a pre-cash valuation of (US$15) bln (SAR 56 bln). The transaction was advised by Decisive Capital Management, Geneva, Switzerland.

In a statement on Tadawul, the company said today that Anthropic is considered by many analysts to be one of the leaders in the field of large language modelling (LLM), embodying expertise and innovation in advanced language processing. The company is backed by major technology and artificial intelligence investors such as Menlo Ventures, Google, Amazon, Salesforce Ventures, and others.

It added that any major pertinent developments will be disclosed in due course.

This came amid the Al-Moammar Information Systems Company (MIS) announcement of the decision of its Board of Directors to approve the allocation of SAR 40 million for the purpose of forming an investment portfolio to invest in international companies in the field of artificial intelligence to benefit from the growth opportunities in this promising field.