Anthropic is pursuing a financing round of up to $10 billion after initially targeting $5 billion, with investor demand prompting a larger raise. The round is led by Iconiq Capital with participation discussed with TPG, Lightspeed Venture Partners, Spark Capital, Menlo Ventures, the Qatar Investment Authority, and GIC. Anthropic, founded in 2021 by former OpenAI employees, builds Claude generative AI models used for software development, debugging, and workflow automation. The proceeds aim to speed model development, grow infrastructure, and support international expansion amid competition from OpenAI and xAI. The company has previously been valued at $61.5 billion and has raised $14.3 billion across twelve rounds.
Anthropic is in advanced talks to raise up to $10 billion in a new round of financing. This would significantly strengthen the AI startup's position in the market and boost its valuation. This is according to Bloomberg. According to insiders, the company initially aimed for $5 billion. However, strong demand from investors led to a doubling of the targeted capital. Negotiations are still ongoing. The final size of the round may still change.
Anthropic was founded in 2021 by former OpenAI employees and develops the Claude models, a series of generative AI systems used for software development, debugging, and workflow automation, among other things. The technology is gaining popularity among developers in particular. It is increasingly being integrated into development environments and productivity platforms. The new funding should enable the company to accelerate model development, expand its infrastructure, and achieve international growth.
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