Anthropic is preparing to raise $20 billion in its latest funding round, doubling its initial target, according to the Financial Times.
The San Francisco-based AI company, known for its chatbot Claude, is set to secure fresh investment from venture capital and other institutional investors in a deal that would value the firm at $350 billion. Originally, Anthropic had aimed to raise $10 billion, but strong investor demand for AI quickly pushed the total higher, people familiar with the matter told the FT.
Between $10 billion and $15 billion of the capital is expected to be received as early as Tuesday, with the remainder closing over the coming weeks. The round is led by Singaporean sovereign wealth fund GIC and U.S. investor Coatue, with Sequoia Capital contributing a significant portion.
The funding announcement is boosting AI-related markets, with bitcoin miners that have pivoted toward AI and high-performance computing (HPC) infrastructure seeing sharp gains. IREN (IREN) and Cipher Mining (CIFR) are each up more than 12%, while Hut 8 (HUT) and TeraWulf (WULF) have risen over 8%. AI-linked token Near Protocol (NEAR) is also modestly higher at $1.38.
Anthropic has previously attracted major strategic backers, with Microsoft and Nvidia committing $10 billion and $5 billion, respectively, to the company.
