Anthropic, the fast-growing artificial intelligence startup behind the Claude chatbot, is planning to raise $10 billion in new funding, which would value the company at approximately $350 billion—nearly double its valuation from just four months ago—according to three people familiar with the matter.
At the same time, Coatue Management and Singapore’s sovereign wealth fund, GIC, are expected to lead the funding round alongside existing shareholders. Meanwhile, the talks are taking place as speculation grows that Anthropic is preparing for an initial public offering within the next 12 to 18 months, especially as competitors such as OpenAI continue to secure massive capital infusions. However, the financing discussions remain ongoing, and the company could still revise its plans.
More broadly, these talks underscore the intense investment surge sweeping through the AI sector, even as concerns mount about a potential bubble and the long-term sustainability of AI business models. In particular, companies developing AI products such as chatbots face extraordinarily high costs, as they must invest heavily in computing infrastructure, energy, and data to train their systems.
In comparison, OpenAI finalized a funding deal in October that valued the company at $500 billion. Similarly, on Tuesday, Elon Musk’s xAI announced it had raised $20 billion in a funding round that likely pushed its valuation beyond $230 billion.
Anthropic, founded in 2021 by siblings Dario Amodei and Daniela Amodei, emerged after the pair departed OpenAI following disagreements over how the organization funded and distributed its technology through Microsoft. Subsequently, they launched Anthropic with a focus on developing AI systems built with strong safety guardrails. In addition, they structured the company as a public benefit corporation, emphasizing public and social responsibility alongside commercial goals.
In 2024, Anthropic secured $8 billion from Amazon, which remains its largest investor. Furthermore, Google has invested approximately $3 billion and holds about a 14% stake in the company, according to court documents reviewed by the Times. Altogether, PitchBook data indicates that Anthropic has raised at least $40 billion in total funding to date.
Most recently, Anthropic closed its previous funding round in September at a valuation of $183 billion. Shortly thereafter, Microsoft and Nvidia announced plans to collectively invest roughly $15 billion in the company by the end of the year.
As Anthropic continues to advance its AI capabilities and expand deployment for enterprises and consumers, the company is committing tens of billions of dollars to data center infrastructure. Late last year, Anthropic revealed plans to invest $50 billion in data centers located in Texas and New York in partnership with cloud provider Fluidstack. However, the company has not yet disclosed how it intends to finance the project.
At the same time, Anthropic is spending billions to secure computing capacity from both Google and Amazon. Notably, the company will become the primary tenant of an exceptionally large Amazon data center in New Carlisle, Indiana, which will eventually draw 2.2 gigawatts of electricity—enough power to supply approximately one million homes.
