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Anthropic reportedly in talks to raise $10B in new funding as AI boom continues apace
Anthropic PBC, the company behind the Claude generative artificial intelligence service, is reportedly nearing a deal to raise $10 billion in a new funding round, as the AI boom continues apace.
According to Bloomberg referencing people familiar with the matter, the company had previously been in discussions to raise $5 billion on a $170 billion valuation, but the amount of the raise has doubled due to strong investor demand.
Iconiq Capital is reportedly leading the round, with other participants expected to include TPG Inc., Lightspeed Venture Partners LP, Spark Capital Management and Menlo Ventures LP. Anthropic is also said to have held discussions with the Qatar Investment Authority and Singapore’s sovereign fund GIC Pvt. Ltd. about joining the round.
The new funding is expected to fuel Anthropic’s competition with other leading AI companies, such as OpenAI and xAI Inc., both of which have raised billions in new funding this year. OpenAI last raised $40 billion on a $300 billion valuation in March and was reported to have raised an additional $8.3 billion on Aug. 1, while xAI’s last raise was $10 billion in July.
Anthropic’s last venture capital raised was $3.5 billion on a $61.5 billion valuation on March 3. Whether the new round will be raised at a $170 billion valuation or higher, the final figure will be a significant jump from March.
Founded in 2021 by former OpenAI researchers, Anthropic has become a leading player in the generative AI space with its Claude chatbot, which competes with OpenAI’s ChatGPT and Google Gemini.
Anthropic’s Claude models have become popular among developers in particular for coding assistance, with highly regarded and ranked code generation, debugging and workflow automation. Claude can be used for engineering tasks, with the service often integrated into developer environments and productivity platforms.
The new funding would likely be used by Anthropic to accelerate model development, scale infrastructure and expand globally to meet rising demand. Coming into its potential new round, Anthropic has previously raised $14.3 billion over 12 rounds.
Image: Anthropic
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