Anthropic slated to hit US$61.5 billion valuation in new round
In a typical startup funding round, a company will pitch itself to a variety of investors
ARTIFICIAL intelligence (AI) startup Anthropic is nearing a deal to raise US$3.5 billion at a valuation of US$61.5 billion, according to a source familiar with the matter – a larger funding round than the company initially planned to raise.
Anthropic, which develops large language models, is one of the leading AI companies in an era where investors are eager to write big checks for the sector. Since January, Elon Musk’s xAI has discussed raising US$10 billion from investors, and OpenAI has held talks to bring in as much as US$40 billion.
A representative for Anthropic declined to comment. The Wall Street Journal earlier reported new details of the latest round.
In a typical startup funding round, a company will pitch itself to a variety of investors. In Anthropic’s case, Lightspeed Venture Partners approached the company, setting plans in motion at the beginning of this year to raise US$2 billion. In the weeks that followed, that funding target grew, Bloomberg previously reported.
Recently, the fundraising total under discussion hit US$3.5 billion in an oversubscribed round – meaning Anthropic has more interest from investors than it has space in the deal.
Other investors who have been in talks to back the company include Menlo Ventures, Bessemer Venture Partners, General Catalyst and Abu Dhabi’s MGX, sources familiar with the matter told Bloomberg. BLOOMBERG
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