Anthropic PBC is in preliminary discussions with investors and plans to raise at least $30 billion in a new round of financing, which could become the company's largest round to date, people familiar with the matter said. The company that developed Claude's model is discussing raising capital at a pre-money valuation of more than $900 billion, people familiar with the matter said. One of the people said this round of financing could be completed as soon as the end of this month. The deal has not yet been finalized and no term sheet has been signed.
The financing talks have not yet been reported. Meanwhile, Anthropic is ramping up its fundraising efforts as its artificial intelligence (AI) software achieves breakout success. Previous reports said Anthropic was considering an initial public offering as early as October. As demand for its products continues to grow, the company needs transactions to cover the cost of adequate computing infrastructure.
As previously reported, Anthropic has been considering whether to advance financing at a valuation of more than $900 billion after receiving proactive approaches from multiple investors in recent weeks. The company has since held discussions with existing investors about participating in a new round of financing, people familiar with the matter said.
Anthropic also recently reached two major financing agreements with large technology companies, although it is unclear whether these companies will participate in the upcoming financing.
OpenAI was last valued at $852 billion in a funding round completed in March.