Anthropic Targets $350 Billion Valuation in Planned $10 Billion Fundraise

AI startup Anthropic is in talks over a new funding round that could value the company at close to $350 billion, according to a Reuters report. If completed, the raise would rank among the largest private capital rounds ever seen in the technology sector and would underline how quickly capital is concentrating around leading AI developers.

Sources familiar with the discussions said Anthropic is seeking to raise approximately $10 billion, a move that would almost double the company’s valuation from just four months ago. Talks are still ongoing, and while the round could close within weeks, the final size and structure of the deal remain subject to change. Anthropic declined to comment on the plans.

The funding is expected to be led by Singapore’s sovereign wealth fund GIC alongside U.S. investment firm Coatue Management, reflecting continued interest from large institutional investors in backing leading artificial intelligence companies.

Anthropic’s rapid rise in valuation reflects the intense investor appetite for companies seen as shaping the future of artificial intelligence. Just last September, the company announced a $13 billion Series F funding round, which valued the firm at $183 billion. At the time, that figure already placed Anthropic among the world’s most valuable private technology companies. A jump to a $350 billion valuation would push it further into territory normally associated with long-established public tech giants.

Founded in 2021 by former employees of OpenAI, Anthropic has built a reputation for developing large language models that prioritize reliability and safety. Its Claude family of AI models has gained traction among developers and enterprise customers, particularly for coding and technical workflows, where consistency and control are critical.

The company’s growth has been supported by strategic backing from major technology players, including Alphabet and Amazon. Both companies have invested heavily in Anthropic and have integrated its models into their cloud offerings, giving the startup access to large-scale computing infrastructure and a global customer base.

Rising demand for AI tools across industries has helped drive spending higher worldwide, lifting valuations across the sector. Businesses are increasingly deploying generative AI to improve software development, automate internal processes, and build new digital products. That momentum has made leading AI firms particularly attractive to investors, even as questions grow about how sustainable current valuation levels may be over the long term.

Anthropic’s financial performance has been a key part of the story. Reuters reported in October that the company was aiming to more than double, and potentially nearly triple, its annualized revenue run rate, supported by expanding enterprise adoption of its products. While specific revenue figures were not disclosed, the growth outlook has helped underpin investor confidence in the company’s trajectory.

Beyond its current fundraising efforts, Anthropic’s scale and valuation have placed it among a small group of private technology companies frequently discussed as potential future public market candidates.

Anthropic’s potential valuation leap comes as the AI sector faces growing debate over whether current enthusiasm risks turning into a speculative bubble. Training and running advanced AI models remains capital-intensive, and long-term monetization strategies are still evolving. Even so, investor interest has remained strong, particularly for companies seen as leaders with defensible technology, strong governance frameworks, and deep partnerships with established tech firms.

If the new funding round proceeds at the reported valuation, it would further cement Anthropic’s position as one of the most valuable private companies in the world and highlight the scale of investor belief in the future of artificial intelligence, even as the industry navigates rising costs, competition, and regulatory