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Anthropic in Talks to Raise $2 Billion From Google and Others Just Days After Amazon Investment

Oct 03, 2023 - theinformation.com
Anthropic, a major competitor of OpenAI, is in discussions with investors to raise a minimum of $2 billion in new funding. This follows a recent commitment from Amazon to invest $1.25 billion in the company. Google, which owns approximately 10% of the startup, is also expected to participate in the funding round.

The startup, which is only two years old and offers a chatbot named Claude that competes with OpenAI’s ChatGPT, is seeking a valuation between $20 billion and $30 billion, including the new investment. This would represent a fivefold increase in the company's valuation since March, when it was valued at $4 billion, making its shares significantly more expensive than those of OpenAI based on its valuation multiple on revenue.

Key takeaways:

  • Anthropic, a rival of OpenAI, is in discussions to raise at least $2 billion in new funding, following a $1.25 billion investment commitment from Amazon.
  • Google, which owns about 10% of Anthropic, is expected to invest in the new funding round.
  • The startup, which sells a chatbot named Claude that competes with OpenAI’s ChatGPT, is seeking a valuation between $20 billion to $30 billion including the new investment.
  • This new valuation would quintuple the company's worth since March, when it was valued at $4 billion, making its shares far more expensive than those of OpenAI in terms of its valuation multiple on revenue.
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