Anthropic reportedly raising $10B at $350B valuation

Anthropic is on the verge of securing a significant $10 billion in funding, positioning itself at an impressive $350 billion valuation, as reported by The Wall Street Journal. TechCrunch has corroborated these details with sources familiar with the situation, indicating a remarkable leap in the AI company's worth. Just three months ago, Anthropic raised $13 billion in a Series F funding round, valuing the company at $183 billion. This latest round nearly doubles that valuation, showcasing the rapid growth and investor confidence in the firm. Leading the new investment round are Coatue Management and Singapore’s sovereign wealth fund, GIC, as indicated by sources cited by the WSJ. This funding is expected to close in the upcoming weeks, although the total amount could still fluctuate. It's important to note that this new round of financing is distinct from the $15 billion commitment made by Nvidia and Microsoft. That arrangement involves Anthropic purchasing $30 billion of computing capacity from Microsoft Azure, utilizing Nvidia's technology. As Anthropic continues to capture the attention of developers with its innovative tool, Claude Code, which automates coding tasks using the advanced Claude Opus 4.5, the company is also gearing up for a potential IPO this year. This move comes in parallel with its main competitor, OpenAI, which is rumored to be negotiating to raise up to $100 billion at a staggering $750 billion valuation. Anthropic has chosen not to provide further comments on this matter.