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AI Startup Doubles Funding Goal to $20B
28 Jan
Summary
- Anthropic is doubling its funding target from $10 billion to $20 billion.
- The company's valuation is expected to reach $350 billion.
- Sequoia Capital and Singapore's sovereign wealth fund are potential backers.
Artificial intelligence company Anthropic is reportedly doubling its venture capital funding target to $20 billion. This increase from an initial $10 billion goal comes amid significant investor enthusiasm for the company's prospects. The funding round is expected to close soon.
Sources indicate that this substantial investment will position Anthropic with a valuation of approximately $350 billion. Prominent potential backers mentioned include Sequoia Capital, an investor in rival OpenAI, and Singapore's sovereign wealth fund.
This fundraising effort follows reports from late last year suggesting Anthropic was preparing for a potential initial public offering (IPO) within 2026. The company had previously announced a $13 billion raise in September, solidifying its status as one of the industry's most valuable private entities at a $183 billion valuation.
