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Anthropic Reportedly In Talks To Raise $750M At $18B-Plus Valuation

Dec 21, 2023 - news.crunchbase.com
Generative AI startup Anthropic is reportedly in discussions to raise $750 million in a new funding round that could value the company at over $18 billion. The San Francisco-based firm is said to be in talks with Menlo Ventures for the deal, which would triple its valuation from earlier this year. The company, which has already raised $7.6 billion from investors including Google and Amazon, was previously aiming for a valuation of $20 billion to $30 billion.

Anthropic's largest fundraising this year was a deal with Amazon in September, where the e-commerce giant agreed to invest up to $4 billion for a minority stake. This was followed by a $2 billion investment from Google in October. The company's main competitor, OpenAI, has raised around $11.3 billion, primarily from Microsoft. The two firms represent the significant funding deals that AI startups have secured this year, following the launch of OpenAI’s ChatGPT tool in late 2022.

Key takeaways:

  • Generative AI startup Anthropic is reportedly in talks to raise $750 million in fresh capital, which would value it upwards of $18 billion.
  • The San Francisco-based startup has already raised $7.6 billion from investors including Google and Amazon.
  • Anthropic's largest raise this year was a deal with Amazon in September, where Amazon will invest up to $4 billion for a minority stake in the company.
  • Anthropic's main competitor, OpenAI, has raised around $11.3 billion from investors, primarily Microsoft.
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