veryone wants a piece of Anthropic.
The AI firm has reportedly closed its latest funding round above the $10 billion initial target at a $350 billion valuation, several outlets reported on Tuesday. According to the Financial Times, Anthropic has doubled its funding target for the round to $20 billion.
The funding is the latest triumph in a hot streak for Anthropic:
- The round follows a $13 billion fund raise in September, which brought its valuation up to $183 billion at the time.
- And in November, the company scored investments from Nvidia and Microsoft of $10 billion and $5 billion, respectively.
- Meanwhile, Anthropic has been on a tear on the product side, releasing Claude Cowork at the beginning of January after its coding tool, Claude Code, received critical acclaim. And on Monday, it integrated apps directly into its flagship chatbot, essentially turning it into a one-stop shop for all enterprise user needs.
Anthropic still trails behind OpenAI on the valuation scale, which is reportedly courting investors for a $50 billion funding round at an eye-popping $830 billion valuation. The AI firms have found themselves in a heated race for user attention as they prepare for their rumored IPOs. These companies, however, have very different strategies in doing so.
OpenAI has cast its product net wide, vying for users in verticals including shopping, personal devices, digital ads, science and more. Anthropic, meanwhile, has been keenly focused on the enterprise, racking up major partnerships over the past several months including IBM, Deloitte, Accenture, Cognizant and Allianz Global.