Anthropic is in the final stages of raising $20 billion in new capital at a valuation of $350 billion, according to Bloomberg reportswith investor demand leading to the company raising twice as much funding as it wanted to obtain. The company raised $13 billion in equity financing just five months agobut intense competition between border labs and the ongoing costs of computing have made them want to increase as quickly as possible.
Funds expected to participate in the round include Altimeter Capital Management, Sequoia Capital, Lightspeed Venture Partners, Menlo Ventures, Coatue Management, Iconiq Capital and Singapore’s sovereign wealth fund, but the bulk of the funding would come from the company’s strategic partners Nvidia and Microsoft.
Anthropic is building on recent successes, especially the deployment of its coding agents, which has software engineers excited about the increased coding productivity. Last week, the introduction of new models focused on legal and business research roiled the stock prices of publicly traded data companies as investors worried about AI’s ability to disrupt their businesses.
Anthropic’s rival OpenAI is reportedly in the middle of a new $100 billion fundraising round, and both companies are said to be preparing IPOs ahead of a blockbuster summer in the markets, with xAI, recently acquired by SpaceX, also using public shares as part of the rocket maker’s IPO.
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