Anthropic targets $350B valuation with fresh $10B funding round

Anthropic is seeking to raise $10 billion at a $350 billion valuation, nearly doubling its worth as investor demand for AI exposure remains intense. Backed by major funds and tech giants, the Claude maker is aiming for profitability by 2028 and a potential IPO this year, highlighting how the AI race is reshaping global capital markets.

AI startup Anthropic is preparing a major capital raise that would nearly double its valuation, underscoring the continued surge of investor interest in companies building foundational artificial intelligence models.

The maker of the Claude chatbot is reportedly in talks to raise about $10 billion at a valuation of roughly $350 billion, according to a Wall Street Journal report citing people familiar with the matter. Singapore’s sovereign wealth fund GIC and hedge fund Coatue Management are expected to lead the round.

If completed, the deal would mark a sharp jump from Anthropic’s $183 billion valuation in September, when it closed a $13 billion Series F financing co-led by ICONIQ Capital, Fidelity Management & Research, and Lightspeed Venture Partners. The pace of valuation growth reflects intensifying competition among AI firms racing to establish dominance in enterprise and consumer markets.

Founded in 2021 by former Google researcher Dario Amodei and his sister Daniela, Anthropic has positioned Claude as a safety-focused alternative to rival large language models. The chatbot has gained particular traction with businesses and developers, especially for coding and enterprise workflows.

Backed by Big Tech, eyeing public markets

The new fundraising effort comes on top of significant strategic investments already committed to Anthropic. Nvidia and Microsoft are expected to invest up to $15 billion combined, according to the Journal, reinforcing Anthropic’s access to critical computing infrastructure and cloud resources.

The round is expected to close in the coming weeks, though the final size and valuation could still shift. Anthropic reportedly expects to reach breakeven by 2028, putting it ahead of some competitors in its path to profitability.

The company is also said to be planning an initial public offering later this year. That would place it among the most closely watched tech listings, as public market investors look for exposure to the AI boom beyond established giants.

Anthropic’s ambitions come as rival OpenAI is reportedly pursuing its own massive capital raise, seeking up to $100 billion at a valuation near $750 billion, highlighting how capital-intensive the race for advanced AI models has become.

AI investment dominates global funding landscape

The potential deal would add to what has already been a record-setting period for AI investment. According to Crunchbase, artificial intelligence companies accounted for nearly half of all global venture funding in 2025, up from 34% the year prior. Total AI investment reached about $202 billion, though other estimates, including the Wall Street Journal, put the figure even higher.

OpenAI led the field with a $40 billion financing round backed by SoftBank in March, the largest single private funding round of the year. Several other AI firms also raised rounds exceeding $5 billion, including Anthropic, Scale AI, Project Prometheus, and Elon Musk’s xAI.

The scale of capital flowing into AI reflects investor belief that control over foundational models and infrastructure could define the next generation of computing, with long-term implications for productivity, geopolitics, and global markets.