Anthropic’s investors don’t have its back in its fight with the Pentagon

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Workers grappling with the rapid growth of artificial intelligence have said they feel “devalued” by the technology and warned of a downward trajectory in the quality of work.

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Investors have bought in. Pigment has raised nearly $400 million to date and crossed a $1 billion valuation in 2024, with backers including ICONIQ Growth, Meritech, IVP, Greenoaks, Blossom, and Sheryl Sandberg’s fund. But Crespo insists she’s in no rush to add more capital—or to go public. “IPO for us would be way, way down the line,” she said.

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