Anthropic doubles funding target to $20B at $350B valuation
Anthropic doubled its latest venture capital funding target from $10 billion to $20 billion, with the round expected to close soon at a $350 billion valuation, sources told the Financial Times.
The AI company, developer of the popular Claude model and Claude Code tool, increased the target amid booming investor interest. Expected participants include Sequoia Capital, an investor in rival OpenAI; Singapore’s sovereign wealth fund; and investment management firm Coatue, according to the FT.
In September, Anthropic announced a $13 billion funding round that valued the company at $183 billion, positioning it among the most valuable private AI firms. Late last year, reports indicated Anthropic hired lawyers to prepare for a potential initial public offering this year.