Anthropic signed a term sheet for a $10 billion funding round, valuing the company at approximately $350 billion. CNBC confirmed the agreement on Wednesday. The Wall Street Journal was the first to report the deal.
The financing is being led by Coatue and Singapore’s sovereign wealth fund GIC, according to a person familiar with the matter. The person requested anonymity because details of the talks are private. Anthropic declined to comment.
Anthropic, founded in 2021 by former OpenAI researchers including CEO Dario Amodei, develops large language models under the Claude brand. The company released Claude Opus 4.5, Sonnet 4.5, and Haiku 4.5 late last year.
Amazon has already committed billions of dollars to Anthropic. Microsoft and Nvidia announced plans in November to invest up to $5 billion and up to $10 billion, respectively. The new round would add to a rapid buildup of capital across leading AI developers.
Why This Matters Today
The funding underscores continued investor demand for leading AI model developers despite broader market volatility.
For you, it signals that competition among major AI companies remains intense and capital-heavy.
A $350 billion valuation would place Anthropic among the world’s most highly valued private technology firms.
It comes as rival OpenAI has reportedly reached a $500 billion valuation and as companies such as Google and xAI push forward with their own model releases and funding.
Our Key Takeaways:
- Anthropic signed a term sheet for a $10 billion funding round valuing the company at about $350 billion, according to CNBC.
- Coatue and Singapore wealth fund GIC are leading the financing, adding to prior commitments from Amazon, Microsoft, and Nvidia.
- The deal highlights escalating funding and valuations in the AI sector as Anthropic competes with OpenAI, Google, and other major developers.
You may also want to check out some of our other tech news updates.
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