(Bloomberg) — Anthropic is nearing a deal to raise as much as $10 billion in a new round of funding, according to people familiar with the matter, a higher than expected sum and one of the largest megarounds to date for an artificial intelligence startup.
The discussions are ongoing and the final amount could change, said the people, who spoke on condition of anonymity as the information is not public. Bloomberg News previously reported Anthropic was in advanced discussions to raise up to $5 billion in the round at a $170 billion valuation. The amount increased significantly due to strong investor demand, the people said.
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Investment firm Iconiq Capital is leading the round, Bloomberg News has reported. Other expected participants include TPG Inc., Lightspeed Venture Partners, Spark Capital and Menlo Ventures, according to people familiar with the matter. Anthropic has also held discussions with the Qatar Investment Authority and Singapore’s sovereign fund GIC about joining the round.
Anthropic declined to comment.
Anthropic, founded in 2021 by former employees of OpenAI, has positioned itself as a reliable, safety-conscious firm that users can trust. The new funding will fuel Anthropic’s competition with OpenAI and Elon Musk’s xAI, each of which has raised billions in capital this year to finance their investments in data centers and talent for building AI models.
The new financing would mark a significant jump in valuation for the company and cement its status as one of the world’s leading AI developers. Anthropic was valued at $61.5 billion in a $3.5 billion round led by Lightspeed earlier this year.
–With assistance from Kate Clark and Yazhou Sun.
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