The AI company could surpass rival OpenAI in valuation if the raise goes through, according to the Financial Times
picture alliance / Getty Images
Anthropic could soon approach a market valuation close to $1 trillion, with a new report saying the AI startup is exploring a large-scale capital raise this summer aimed at substantially expanding its computing infrastructure. The fundraising round, reported by the Financial Times, would put the Claude maker ahead of rival OpenAI if completed at that level.
The potential raise comes as Anthropic has been drawing capital at a rapid pace. Google $GOOGL committed up to $40 billion in Anthropic at a $350 billion valuation, with the first $10 billion arriving as an upfront cash commitment and the remaining $30 billion tied to performance benchmarks, according to Bloomberg. Around the same time, Amazon $AMZN put in $5 billion with an option to contribute as much as $20 billion more over time, according to Reuters. Both deals valued Anthropic at $350 billion — the same figure attached to a funding round the company closed in February.
The fundraising activity has been driven in part by strong demand for Claude Code, Anthropic's AI agent built to accelerate software writing, which Bloomberg said pushed the company to seek capital at a rapid clip. Anthropic's Cowork agent, aimed at workers outside engineering, has also seen rapid adoption, the company said.
Anthropic was founded in 2021 by Dario Amodei and colleagues who had departed OpenAI.
Join 500,000+ readers who start their day with Quartz.
By subscribing, you agree to our Terms of Service and Privacy Policy.
