Anthropic reportedly upped its latest raise to $20B

In a remarkable shift, Anthropic has significantly increased its fundraising goal, aiming to secure $20 billion in venture capital, according to reports from the Financial Times. This move marks a substantial rise from its initial target of $10 billion, reflecting the heightened interest from investors in the artificial intelligence sector. As the funding round nears completion, it is anticipated that Anthropic will achieve a staggering valuation of $350 billion. The company, known for its widely-used AI models Claude and Claude Code, is poised to attract notable investors, including Sequoia Capital—which has also backed its competitor OpenAI—along with Singapore’s sovereign wealth fund and the investment management firm Coatue. This aggressive fundraising strategy follows a previous announcement in September when Anthropic revealed a successful $13 billion funding round, propelling its valuation to $183 billion. Additionally, reports from late last year indicated that the company has begun preparations for a potential initial public offering (IPO), which may occur later this year.