Anthropic Eyes to Raise $10 Billion at $350 Billion Valuation

Anthropic is reportedly in talks to raise about $10 billion in a private funding round that would value the company at roughly $350 billion, as per Reuters.  

This would be nearly double its valuation from around $183 billion recorded about 4 months ago. The discussions are ongoing and the terms are not yet final. 

Investors Involved 

The round is expected to be led by Coatue Management and GIC, with participation from existing investors. The deal could close within weeks, though the size and valuation could still change. 

Industry Background 

The talks come at a time when large technology companies and investors continue to commit capital to artificial intelligence. Developing and running large language models requires substantial spending on computing infrastructure, energy and data.  

These costs have raised questions about how AI companies manage long-term expenses, even as adoption increases across sectors. 

Anthropic Overview 

Anthropic was founded in 2021 by former employees of OpenAI, including chief executive Dario Amodei. The company develops a range of large language models under the Claude name. These models are used by developers and businesses, including for software development and internal workplace tools. 

Recent Funding and Backers 

The company last raised $13 billion in a Series F funding round announced in early September. That round valued Anthropic at $183 billion.  

Its investors include major technology groups such as Alphabet and Amazon. Anthropic competes with companies including Google and OpenAI, which has also raised large amounts of private funding. 

IPO-Related Steps 

As per news reports, Anthropic has hired legal advisers to prepare for a possible initial public offering that could take place as early as 2026. The company has previously said it has not decided whether or when to go public. 

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Conclusion 

If completed, the proposed funding round would be among the largest private capital raises by a technology company this year. 

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