Artificial intelligence firm Anthropic has secured $30 billion in new funding, boosting its valuation to $380 billion and bringing the company closer to a potential initial public offering. The latest funding round significantly increases Anthropic’s market value from a previous valuation of $183 billion.
The funding will be used to continue developing products and services geared toward enterprise clients, according to Anthropic’s chief financial officer, Krishna Rao. “Claude is increasingly becoming more critical to how businesses work,” Rao said in a statement, emphasizing that the funding reflects strong demand for the company’s AI services.
This investment comes as Anthropic faces intense competition from OpenAI, with both companies recently releasing new AI models. OpenAI is also reportedly seeking an additional $100 billion in funding, which, if successful, would bring its valuation to $830 billion and near the trillion-dollar mark.
The surge in funding for Anthropic underscores the growing investor interest in the AI sector, as companies race to develop and deploy advanced AI technologies. Eight out of the Fortune 10 companies are now customers of Anthropic, demonstrating the increasing adoption of its AI solutions across industries. While the company is not yet profitable due to the high costs associated with training AI models, demand remains strong.
Tech giants including GIC, Coatue, Nvidia, and Microsoft participated in the funding round. Microsoft and Nvidia previously committed to investing $15 billion in Anthropic in November, with Microsoft agreeing to purchase $30 billion in computing capacity from Anthropic to support its AI systems. Amazon and Google also remain significant backers of the company.
