Anthropic Doubles Funding Target to $20 B, Seeks $350 B Valuation

Funding Target Expansion

Anthropic has decided to double the amount of venture capital funding it intends to raise. The company originally aimed for a $10 billion raise but now seeks $20 billion. This decision reflects what the source describes as booming investor interest.

Valuation Goals

The enlarged financing round is expected to lift Anthropic’s valuation to $350 billion. This figure represents a significant increase over the $183 billion valuation that followed the company’s earlier $13 billion raise.

Key Investors

Among the backers slated to participate are Sequoia Capital, a venture‑capital firm that also invests in Anthropic’s rival OpenAI. The round also includes Singapore’s sovereign wealth fund, identified simply as a sovereign wealth fund from Singapore, and Coatue, an investment‑management firm.

Previous Funding and IPO Preparation

Late last year, Anthropic hired lawyers as part of preparations for a potential initial public offering that could occur sometime this year. The earlier $13 billion raise, announced in September, positioned the company as one of the most valuable private firms in the artificial‑intelligence sector.

Strategic Implications

By increasing its funding target, Anthropic aims to secure additional capital to support its development of the Claude and Claude Code AI models. The expanded capital base may also provide greater flexibility as the company navigates the path toward a possible public listing.

Summary of Facts

In summary, Anthropic is seeking $20 billion in new funding, targeting a $350 billion valuation, and counting Sequoia Capital, Singapore’s sovereign wealth fund, and Coatue among its investors. This move follows a prior $13 billion raise that valued the company at $183 billion and aligns with ongoing preparations for an IPO later in the year.