Anthropic Raising $10 Billion at $350 Billion Valuation, Nearly Doubled in Four Months

Anthropic is raising $10 billion at a $350 billion pre-money valuation, nearly doubling from $183 billion just four months ago. GIC (Singapore’s sovereign wealth fund) and Coatue Management are leading the round.

The Funding Stack

This comes on top of up to $15 billion from NVIDIA and Microsoft, where Anthropic committed to purchasing $30 billion in Azure compute running on NVIDIA systems. The company is expected to go public this year.

Valuation Velocity

Nearly doubling valuation in four months is extraordinary even by AI standards. The trajectory reflects:

• Claude’s enterprise adoption: Strong revenue growth from enterprise customers
• Constitutional AI differentiation: Safety-focused approach resonating with regulated industries
• Competitive positioning: Seen as the “responsible AI” alternative to OpenAI

The IPO Path

Anthropic is expected to go public this year, which would make it one of the largest AI IPOs ever. At $350 billion, it would debut larger than most S&P 500 companies.

Strategic Implications

The AI funding race shows no signs of slowing. Anthropic’s raise—combined with xAI’s $20 billion and OpenAI’s ongoing fundraising—suggests the industry believes the scaling laws still hold and more capital translates to competitive advantage.

Source: WSJ