Anthropic seeks $10 billion funding at $350 billion valuation, nearly doubling in four months

Reviewed byNidhi Govil

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The Claude chatbot maker is in talks to raise $10 billion led by Coatue Management and Singapore's GIC, nearly doubling its valuation from $183 billion just four months ago. The move comes as Anthropic prepares for a potential IPO while competing with OpenAI, which recently held talks at a $750 billion valuation.

Anthropic Valuation Soars to $350 Billion in New Funding Round

AI startup Anthropic is in advanced talks to raise $10 billion at a $350 billion valuation, according to multiple sources familiar with the matter

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. The Claude chatbot maker's new valuation represents a staggering increase from its $183 billion valuation secured just four months ago in September, when the company closed a $13 billion Series F round

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. This rapid appreciation underscores the intense investor appetite for artificial intelligence companies, even as concerns about an AI bubble continue to circulate across the tech industry.

Source: PYMNTS

Source: PYMNTS

Coatue Management and GIC Lead the Financing

Coatue Management and GIC, Singapore's sovereign wealth fund, are planning to lead the new financing round, according to people familiar with the deal

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. Microsoft and Nvidia are also expected to participate in this round, building on their previously announced commitment to invest up to a combined $15 billion in Anthropic . The round could close within weeks, though the total deal amount and terms may still change

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. This new Anthropic funding round is separate from the $15 billion circular deal with Microsoft and Nvidia, which would see the AI firm purchasing $30 billion of compute capacity from Microsoft Azure running on Nvidia's chips

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Competing with OpenAI in the AI Arms Race

The fresh capital comes as the AI firm positions itself against its main rival OpenAI, which was valued at $500 billion in a secondary share sale last year and has reportedly held talks to raise tens of billions of dollars at a $750 billion valuation

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. Founded in 2021 by former OpenAI employees Dario Amodei and his sister Daniela Amodei, Anthropic has built a strong reputation among developers, particularly for coding tasks with its Claude models

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. The company recently won over developer hearts with Claude Code, its tool designed to automate coding, powered by Claude Opus 4.5

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. Anthropic is aiming to more than double its annualized revenue run rate this year, helped by rising enterprise adoption of its products .

Source: NYT

Source: NYT

Initial Public Offering on the Horizon

Anthropic hired law firm Wilson Sonsini in December to prepare for an initial public offering that could take place as early as 2026, according to the Financial Times

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. The timing aligns with speculation that both Anthropic and OpenAI may pursue IPO opportunities within the next 12 to 18 months

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. An Anthropic spokesperson previously stated the company had not decided when, or whether, it would go public

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Massive Infrastructure Spending Fuels Growth

As Anthropic works to improve its AI technologies and deliver them to businesses and consumers, the company is spending tens of billions on data centers hardware that powers artificial intelligence

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. Late last year, the company announced plans to spend $50 billion on data centers in Texas and New York alongside cloud company Fluidstack, though it did not specify funding sources

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. The company is also spending billions to buy compute capacity from Google and Amazon, with Anthropic set to be the primary user of a massive Amazon data center in New Carlisle, Indiana, which will eventually consume 2.2 gigawatts of electricity—enough to power a million homes

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. In total, Anthropic has raised at least $40 billion in financing, with Amazon as its largest investor contributing $8 billion in 2024, while Google has invested around $3 billion and controls approximately 14 percent of the company

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Source: SiliconANGLE

Source: SiliconANGLE

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