Anthropic's $10 Billion Megadeal: How Claude's Creator Is Rocketing to a $350 Billion Valuation

Anthropic, the developer of the Claude AI assistant, is raising approximately $10 billion in a new funding round that would value the company at around $350 billion. The proposed valuation is nearly double the level reached roughly four months earlier, reflecting continued investor interest in large-scale artificial intelligence developers.

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The funding round is being led by GIC, Singapore’s sovereign wealth fund, and Coatue Management, according to people familiar with the matter. If completed as planned, it would represent Anthropic’s third major financing within a year, following a $13 billion investment in September that valued the company at about $183 billion. The final size and terms of the round may still change as discussions continue.

The fundraising activity takes place amid a broader surge in AI investment. In 2025, global funding for AI-focused companies reached an estimated $222 billion, more than double the total recorded the previous year. Within that environment, Anthropic’s latest raise highlights the scale at which capital is being deployed to companies developing large language models and related infrastructure.

Founded in 2021 by Dario Amodei and Daniela Amodei, both former researchers at OpenAI and Google, Anthropic has positioned itself as a major competitor in the advanced AI model market. Its Claude assistant has gained traction among enterprise customers, particularly for coding, research, and other complex knowledge-work tasks, contributing to growing adoption within business environments.

Anthropic has raised capital from a range of institutional investors, including Lightspeed Venture Partners, Fidelity Management & Research, and Iconiq Capital. The current funding effort coincides with a broader strategic relationship involving Nvidia and Microsoft, which together plan to invest up to $15 billion in the company. These partnerships are intended to support Anthropic’s access to computing infrastructure and accelerate model development.

As part of its infrastructure strategy, Anthropic has committed to purchasing up to $30 billion in computing capacity from Microsoft’s Azure cloud platform, using Nvidia’s AI hardware. The agreement secures long-term access to high-performance computing resources required to train and operate increasingly large and complex AI models.

The company has indicated that it expects to reach break-even around 2028. Achieving profitability would mark a significant milestone for a business operating in a capital-intensive segment of the technology industry, where spending on research, talent, and computing infrastructure remains substantial.

The funding round also comes as public markets show renewed interest in large technology listings following a prolonged slowdown in IPO activity. Anthropic is widely viewed as a potential future public-market candidate, alongside other high-profile private technology companies.

Anthropic’s valuation ambitions are developing alongside those of its primary competitor, OpenAI. OpenAI is reported to be exploring fundraising that could value the company at approximately $750 billion. Together, the two companies illustrate how investors are assigning scale-driven valuations to AI model developers viewed as foundational to future digital infrastructure.

The competition between Anthropic and OpenAI reflects a broader shift in how artificial intelligence is being commercialized. Both companies are building platforms intended to support enterprise software, software development, research, and other applications that rely on advanced language and reasoning models.

Anthropic’s rapid expansion underscores the pace at which the AI sector continues to evolve. In a short period, the company has moved from early-stage startup to one of the most highly valued private technology firms, supported by substantial capital, strategic partnerships, and growing enterprise adoption. The trajectory suggests that competition among leading AI developers is likely to intensify as the market continues to mature.

https://www.wsj.com/tech/ai/anthropic-raising-10-billion-at-350-billion-value-62af49f4

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