Anthropic, an AI company, is reportedly looking to raise up to $10 billion in a fresh round of funding which would mark one of the largest for an AI start-up.
Bloomberg reported Anthropic was in initial talks raise up to $5 billion which would have given it a valuation of $170 billion, but noted the targeted amount doubled due to robust investor interest.
The news agency’s sources stated negotiations are ongoing and the amount could change going forward.
Rivals OpenAI and Elon Musk-owned xAI have also raised billion in capital in 2025 to build new data centres and hire more AI talent.
Bloomberg reported investment company Iconiq Capital is expected to lead the round with additional participation from TPG Inc, Lightspeed Venture Partners, Spark Capital and Menlo Ventures.
In January, Lightspeed Venture Partners led a $3.5 billion investment round which brought Anthropic’s valuation to $61.5 billion.
In November 2024, Amazon pumped another $4 billion into Anthropic to bring the tech giant’s total investment to $8 billion.
It secured an upfront investment of $500 million from Google in 2023 which also included a plan to invest an additional $1.5 billion over time. Alphabet-owned Google has a 10 per cent stake in the company.
Anthropic launched AI assistant Claude in 2023 to compete with OpenAI’s popular ChatGPT product after being founded two years prior by former OpenAI executives.
Source: Mobile World Live
Image Credit: Anthropic
