US EditionReport: Anthropic Eyes $10bn Raise After Strong Investor Interest
Anthropic aims to use the $10 billion funding to expand AI research and enterprise solutions, competing with rivals while managing rising costs of advanced AI model development.
- Anthropic, an AI startup established in 2021 by former OpenAI staff, is reportedly nearing the close of a financing round that could total up to $10 billion.
- This potential raise follows a $3.5 billion Series E round in March that valued Anthropic at $61.5 billion and reflects strong investor demand surpassing initial $5 billion targets.
- Anthropic plans to use the new funds to expand compute capacity, deepen AI research, accelerate international growth, and create over 100 new jobs primarily in Dublin and London.
- The company has engaged with sovereign wealth investors from the Middle East and Asia, such as Singapore’s GIC and the Qatar sovereign wealth entity, while Iconiq Capital is at the forefront of the funding round alongside TPG, Lightspeed, Spark Capital, and Menlo Ventures.
- This substantial funding reflects the escalating capital intensity of AI development and positions Anthropic to compete with rivals like OpenAI and Elon Musk’s xAI in a highly competitive global market.
12 Articles
12 Articles
Anthropic in Talks to Raise Up to $10 Billion in New Funding
Anthropic is nearing a deal to raise as much as $10 billion in a new round of funding, according to people familiar with the matter, a higher than expected sum and one of the largest megarounds to date for an artificial intelligence startup.
Anthropic is preparing a fundraiser that would blow up its valuation. And, according to Bloomberg, the competing startup of OpenAI could raise twice as much money as initially planned. Investors are indeed moving towards the AI sector.
Anthropic seeks fresh funding round of up to $10B
AI player Anthropic is reportedly close to an arrangement to raise up to $10 billion in a fresh round of funding which would mark one of the largest to date for an AI start-up. Bloomberg reported Anthropic was in initial talks raise up to $5 billion which would have given it a valuation of $170 billion, but noted the targeted amount doubled due to robust investor interest. The news agency’s sources stated negotiations are ongoing and the amount …
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