Anthropic plans new fundraise at $350 billion valuation, sources say


Anthropic logo is seen in this illustration taken May 20, 2024. REUTERS/Dado Ruvic/Illustration

Jan 7 (Reuters) - Anthropic is ‌planning a multi-billion-dollar fundraise that would value the Claude chatbot maker ‌at $350 billion, two sources told Reuters on Wednesday.

This represents a ‌nearly double increase in its valuation from about four months ago.

The AI startup plans to raise $10 billion in a funding round with Singapore's sovereign wealth fund GIC and Coatue Management ‍planning to lead the financing, the Wall Street ‍Journal first reported on Wednesday.

The ‌round could close within weeks, although the size and terms could change, ‍the ​Journal said.

Anthropic, which is backed by Alphabet's Google and Amazon.com, declined to comment.

Insatiable demand for AI and growing enterprise adoption has ⁠driven tech spending higher globally, pushing valuations of AI ‌startups like Anthropic to record levels, even as concerns about an AI bubble loom.

Anthropic ⁠last raised $13 billion ‍in a Series F round that valued the company at $183 billion, the company said in early September.

The company had hired law firm Wilson Sonsini to prepare ‍for an initial public offering that could ‌take place as early as 2026, the Financial Times reported early last month.

The newspaper also reported that Anthropic had discussed a private funding round that could value it at more than $300 billion.

An Anthropic spokesperson told Reuters at the time that the company had not decided when, or whether, it would go public.

Founded in 2021 by former OpenAI staff, Anthropic's Claude models have built ‌a reputation among developers, particularly for coding tasks.

Reuters reported exclusively in October that Anthropic aimed to more than double and potentially nearly triple its annualized revenue run rate ​this year, helped by rising adoption of its enterprise products.

(Reporting by Krystal Hu in San Francisco and Deborah Sophia in Bengaluru; Editing by Shailesh Kuber and Tasim Zahid)

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