The AI startup behind Claude is reportedly in talks to raise $10 billion, nearly doubling its valuation amid intensifying competition with OpenAI.
Anthropic is preparing to raise as much as $10 billion in new financing at a valuation of roughly $350 billion, according to a report by The Wall Street Journal. The funding round has been confirmed by TechCrunch, citing a person familiar with the matter.
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If completed, the deal would nearly double Anthropic’s valuation from just three months ago, when the company raised $13 billion in a Series F round at a $183 billion valuation. In March, the startup secured an additional $3.5 billion at a valuation of $61.5 billion, underscoring the rapid escalation in investor appetite for leading artificial intelligence firms.
The new round is expected to be led by Coatue Management and GIC, according to people familiar with the deal. Anthropic is expected to close the financing in the coming weeks, though the final amount could change.
The fundraising would be separate from a previously disclosed $15 billion commitment from Nvidia and Microsoft. That arrangement, described by industry observers as a “circular” deal, would see Anthropic purchase as much as $30 billion in computing capacity from Microsoft’s Azure cloud, powered by Nvidia chips.
The fresh capital comes as Anthropic gains traction with developers through products such as Claude Code, an automated coding tool built on its latest Claude Opus model. It also arrives amid preparations for a potential initial public offering later this year, placing Anthropic on a similar trajectory to its chief rival, OpenAI.
OpenAI, meanwhile, is reportedly in talks to raise up to $100 billion at a valuation approaching $830 billion, highlighting the extraordinary sums being deployed in the race to dominate foundational AI models.
Anthropic declined to comment on the reported fundraising.
