Anthropic has successfully closed its latest funding round, surpassing its initial target of $10 billion. The company is now valued at an impressive $350 billion, as confirmed by CNBC on Tuesday.
The total amount raised in this round is reported to be between $10 billion and $15 billion, according to sources familiar with the discussions.
Further growth in the funding total may occur if major investors like Microsoft and Nvidia decide to participate.
Earlier, both companies had announced plans to invest significant amounts into Anthropic, with Microsoft set to contribute up to $5 billion and Nvidia considering an investment of up to $10 billion. However, it remains unclear if they will participate in this current funding round or how much they might contribute.
The funding round is being led by Coatue Management and the Singapore sovereign wealth fund GIC. These investors have a history of backing successful technology ventures.
Notably, Sequoia Capital, which is known for its investments in Anthropic's rival OpenAI, is also taking part in this funding initiative.
Founded in 2021 by former executives from OpenAI, Anthropic is recognized for its development of advanced AI technologies, particularly its family of large language models called Claude. The company’s AI coding tool, Claude Code, has gained popularity in recent months.
CEO Dario Amodei revealed that Anthropic generated close to $10 billion in revenue last year, showcasing its rapid growth and strong market presence.
The successful funding round positions Anthropic favorably within the competitive AI landscape.
With potential contributions from major tech players like Microsoft and Nvidia, the company's financial resources could expand significantly, allowing for further innovation and development in AI technologies.