Anthropic Doubles Funding Target to $20 Billion at $350 Billion Valuation

SAN FRANCISCO: Anthropic, the artificial intelligence startup behind Claude chatbot, has doubled its fundraising target to twenty billion dollars following overwhelming investor demand, according to reports Tuesday. The round values the San Francisco company at three hundred fifty billion dollars, nearly doubling its one hundred eighty-three billion dollar valuation from a September raise just four months earlier.

The Claude maker originally sought ten billion dollars but expanded the target after investor interest surged, the Financial Times reported. Coatue Management and Singapore sovereign wealth fund GIC are leading the financing, with Sequoia Capital also participating. The round closed between ten and fifteen billion dollars and could rise further if Microsoft and Nvidia contribute their previously announced investments.

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Anthropic CEO Dario Amodei told a leading news channel earlier this month the company generated close to ten billion dollars in revenue last year, fueled partly by Claude Code’s explosive popularity. The coding automation tool has won developer loyalty as companies race to deploy AI across software development workflows.

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The startup raised thirteen billion dollars last September and secured separate strategic commitments of up to fifteen billion dollars combined from Nvidia and Microsoft.

The massive valuation surge reflects intensifying competition in foundational AI, where Anthropic battles OpenAI, Google, and others for market leadership. OpenAI separately pursues up to one hundred billion dollars at valuations approaching eight hundred thirty billion dollars. Industry observers note AI startups collectively raised a record one hundred fifty billion dollars in twenty twenty-five, surpassing twenty twenty-one’s previous peak of ninety-two billion dollars.

Anthropic has hired lawyers as it prepares for a potential initial public offering that could arrive later this year. Founded in twenty twenty-one by former OpenAI executives including Dario Amodei, the company launched three new Claude models late last year spanning Sonnet, Haiku, and Opus variants. Amazon, an existing investor, has committed billions to the startup as tech giants jostle to secure access to cutting-edge AI capabilities.