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Anthropic seeks $10B raise at $350B valuation as AI funding race accelerates

Crypto Briefing
Anthropic is reportedly seeking a $10 billion funding round at a $350 billion valuation, nearly doubling its previous valuation.

Summary

AI research company Anthropic, known for its Claude chatbot, is reportedly seeking to raise $10 billion at a pre-investment valuation of $350 billion, according to the Wall Street Journal. This proposed funding round would nearly double the company's valuation from just four months prior and is expected to be led by Singapore's sovereign wealth fund GIC and hedge fund Coatue Management, although final terms are still being discussed. This potential raise follows a $13 billion investment in September that valued the company at $183 billion and comes in addition to planned investments from Nvidia and Microsoft, which includes a commitment from Anthropic to purchase $30 billion in compute capacity from Microsoft Azure running on Nvidia AI systems. Founded in 2021, Anthropic is anticipated to pursue an initial public offering this year.

(Source:Crypto Briefing)