Anthropic is closing in on one of the largest private fundraising rounds in tech history as investor demand for the Claude creator accelerates.
Anthropic is poised to raise about $20 billion from venture capital firms and other investors, roughly double the amount it initially targeted earlier this month, in a deal that would value the company at approximately $350 billion, reports The Financial Times.
Anthropic had originally been in talks to raise around $10 billion to fund its expansion plans, but the figure was later increased after investor interest reportedly reached five to six times the initial target, prompting the company to significantly upsize the round.
People familiar with the matter say the funding round is close to being finalized, with the raise expected to be completed in the coming weeks.
The deal is being led by Singapore’s sovereign wealth fund GIC and the US-based investment firm Coatue. Sequoia Capital is also making a substantial investment, while existing backers, including Iconiq Capital, Lightspeed Venture Partners, Menlo Ventures, G Squared and Factorial Funds, are expected to participate.
Investors are said to be drawn to Anthropic’s focus on providing AI tools for businesses, the perceived stability of its leadership team and the growing popularity of its coding assistant, Claude Code.
In November, the AI startup revealed that it had 300,000 business customers at the time, each representing over $100,000 in run-rate revenue. In the same month, Microsoft and Nvidia announced intentions to invest up to $15 billion in the Claude maker.
And just last month, reports emerged that Anthropic hired law firm Wilson Sonsini to begin formal IPO preparations.
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