Anthropic is currently in advanced discussions to raise up to $10 billion in a fresh funding round, aiming for a valuation of $170 billion. This is a significant upward revision from earlier expectations pegging the round at $5 billion.
Why the Jump to $10 B?
Investor enthusiasm has surged to such an extent that Anthropic more than doubled its prospective fundraising target. The initial $5 billion figure has now escalated as appetite from both venture capital and sovereign wealth funds soared.
Lead Backers & Potential Investors
Iconiq Capital is expected to lead the round, joined by renowned firms like TPG, Lightspeed Venture Partners, Spark Capital, and Menlo Ventures. The company is also engaging in talks with sovereign funds such as Qatar Investment Authority and Singapore’s GIC.
Valuation Milestone
This funding would mark a remarkable leap in Anthropic’s valuation—from $61.5 billion in March to $170 billion today—nearly tripling its worth in just a few months.
Rationale Behind the Capital Raise
Anthropic’s ambitious fundraising push reflects its commitment to maintain pace with AI giants like OpenAI (estimated at $300B–$500B valuation) and Elon Musk’s xAI. The funds will fuel R&D, infrastructure scalability, and global expansion, helping it stay competitive in the AI arms race.
Strategic Selectivity with Investors
With demand outstripping supply, Anthropic has started rejecting investments via Special Purpose Vehicles (SPVs), signaling that it prefers direct relationships with top-tier investors. The round is reportedly five times oversubscribed.Business Insider
