Anthropic is preparing to raise a new round of funding, targeting approximately ten billion dollars. This would value the artificial intelligence company at around three hundred and fifty billion dollars, according to a report from The Wall Street Journal. TechCrunch has separately confirmed the fundraising effort and valuation with a person familiar with the matter.
This potential raise marks a dramatic increase in Anthropic’s valuation in a very short time. Just three months ago, the maker of Claude completed a thirteen billion dollar Series F round at a valuation of one hundred eighty-three billion dollars. Prior to that, in March, the company secured three and a half billion dollars at a sixty-one and a half billion dollar valuation.
The new round is reportedly being led by Coatue Management and GIC, which is Singapore’s sovereign wealth fund. Anthropic is expected to finalize this latest financing in the coming weeks, though the total amount could still change. This funding would be separate from a recent fifteen billion dollar commitment from Nvidia and Microsoft, a strategic partnership that includes Anthropic purchasing thirty billion dollars of computing capacity from Microsoft Azure running on Nvidia chips.
The fresh capital pursuit comes as Anthropic continues to attract developer interest with Claude Code, its tool designed to automate programming and powered by the Claude Opus 4.5 model. It also coincides with the company’s preparations for a potential initial public offering this year.
Anthropic’s main rival, OpenAI, is also in discussions to raise a significant sum, reportedly as much as one hundred billion dollars at a valuation of seven hundred fifty billion dollars. Anthropic has declined to comment on the new fundraising reports.
This article was updated to note that TechCrunch separately confirmed the funding round.