Anthropic in talks to raise up to US$10 billion in new funding to rival OpenAI, xAI
The new financing would mark a significant jump in valuation for the company and cement its status as one of the leading AI developers
Anthropic is nearing a deal to raise as much as US$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 rounds to date for an artificial intelligence start-up.
The discussions were ongoing and the final amount could change, said the people, who spoke on condition of anonymity as the information is not public.
Bloomberg News previously reported Anthropic was in advanced discussions to raise up to US$5 billion in the round at a US$170 billion valuation. The amount increased significantly because of strong investor demand, the people said.
Investment firm Iconiq Capital was leading the round. Other expected participants include TPG, Lightspeed Venture Partners, Spark Capital and Menlo Ventures, according to people familiar with the matter. Anthropic has also held discussions with the Qatar Investment Authority and Singapore’s sovereign fund GIC about joining the round.
Anthropic declined to comment.