Anthropic, the artificial intelligence research company known for its advanced AI language models, is set to close a significant financing round in the coming weeks. The company intends to ride that momentum to raise a new $10 billion, which will bring its valuation to a staggering $350 billion. This newest effort marks a major step from past funding cycles. It’s an example of the rising hype and demand around AI tools and technologies.
In May of this year, Anthropic raised an unprecedented $3.5 billion at a staggering $61.5 billion valuation. Just three months ago, it was the talk of the industry with a groundbreaking $13 billion Series F round which increased its valuation to $183 billion. If completed, the expected round of financing would almost double Anthropic’s worth since its last funding event.
This latest fundraising effort is quite different from previous commitments. Nvidia and Microsoft had announced a total of $15 billion in investments into Anthropic prior to this. These investments are just one element of a wider strategy that aims to build a larger pipeline of AI expertise and deepen federal partnerships across tech. Just last week, Anthropic announced a major partnership with Microsoft. Specifically, they will buy $30 billion in compute capacity from Microsoft Azure, using Nvidia’s top-of-the-line chips.
Total amount for Anthropic’s new round will be subject to change depending on investor demand and market conditions. It’s a very competitive funding landscape, with other players in the space chasing sizable capital raises. OpenAI has reportedly been in negotiations to lock down funding of up to $100 billion. This funding round could catapult its valuation to an unbelievable $750 billion.
The Wall Street Journal reported that Anthropic is about to raise new funding. This new development has understandably grabbed the imagination of the tech community and rightly underscored its importance. As AI continues to transform various industries, companies like Anthropic are positioned to play crucial roles in shaping the future of technology.
