Anthropic Seeks $10B at $350B Valuation
▼ Summary
– Anthropic is preparing to raise a new $10 billion funding round at a $350 billion valuation, as reported by The Wall Street Journal and confirmed by TechCrunch.
– This new round would nearly double the company’s valuation from its $13 billion raise three months ago, which valued it at $183 billion.
– The funding is being led by Coatue Management and Singapore’s sovereign wealth fund, GIC, and is expected to close in the coming weeks.
– This $10 billion round is separate from a separate $15 billion commitment from Nvidia and Microsoft, which involves Anthropic purchasing compute capacity.
– The capital raise occurs as Anthropic gains traction with its Claude Code tool and prepares for a potential IPO this year, alongside rival OpenAI’s own fundraising talks.
Anthropic is reportedly preparing to secure a massive $10 billion in new funding, a move that would value the artificial intelligence company at a staggering $350 billion. This information, initially reported by The Wall Street Journal, has been separately confirmed by TechCrunch through a source with knowledge of the situation. If successful, this financing round would represent a dramatic near-doubling of the company’s worth in just three months.
The AI firm, known for creating the Claude chatbot, last completed a major funding round in late 2023, raising $13 billion at a valuation of $183 billion. Prior to that, in March of last year, it secured $3.5 billion at a $61.5 billion valuation. The rapid escalation highlights the intense investor appetite for leading players in the generative AI sector.
According to the reports, the new investment is expected to be led by Coatue Management and GIC, Singapore’s sovereign wealth fund. The deal is anticipated to finalize in the coming weeks, though the final amount could still shift. This round is distinct from a separate, previously announced $15 billion commitment from tech giants Nvidia and Microsoft. That earlier arrangement is a complex “circular” deal where the funds are largely dedicated to Anthropic purchasing an estimated $30 billion in computing capacity from Microsoft’s Azure cloud platform, which runs on Nvidia’s advanced chips.
The push for fresh capital coincides with Anthropic’s ongoing efforts to expand its product offerings and market share. The company has been gaining traction with developers through tools like Claude Code, an automated coding assistant powered by its most advanced model, Claude Opus 4.5. Furthermore, this fundraising effort aligns with industry speculation that Anthropic is preparing for a potential initial public offering later this year.
This potential IPO would place it in direct competition with its primary rival, OpenAI, which is also engaged in talks to raise up to $100 billion at a valuation that could reach $830 billion. The parallel moves underscore the high-stakes race for dominance and resources in the AI industry. When contacted for comment on the new funding round, Anthropic declined to provide any statement.
(Source: TechCrunch)
