Anthropic is in the final stages of raising $20 billion in new capital at a valuation of $350 billion, Bloomberg reportsDue to demand from investors the company had to raise twice the amount it had set out to receive. The company raised $13 billion in equity funding. just five months agoBut intense competition among frontier laboratories and the ongoing cost of calculations has made them eager to scale up as quickly as possible.
Funds participating in the round include Altimeter Capital Management, Sequoia Capital, Lightspeed Venture Partners, Menlo Ventures, Coatue Management, Iconic Capital and Singapore’s sovereign wealth fund, but the bulk of the funding is said to come from the company’s strategic partners Nvidia and Microsoft.
Anthropic is building on recent successes, particularly the deployment of its coding agents, getting software engineers thinking about increased coding productivity. Last week, the company’s release of new models focused on legal and business research sent the publicly traded data firms’ share prices plunging as investors worried about the potential for AI to disrupt their businesses.
Anthropic’s rival, OpenAI, is reportedly raising a new fundraising round of $100 billion, and both companies are believed to be preparing for IPOs ahead of a blockbuster summer in the markets. XAI, recently acquired by SpaceX, is also tapping public equity as part of the rocket maker’s IPO.
