Anthropic is preparing to raise $20 billion in its latest funding round, doubling its original target, the Financial Times reports.
The San Francisco-based AI company, creator of the chatbot Claude, is attracting new investment from venture capital and institutional backers, in a deal that would value the firm at $350 billion. The company had initially aimed to raise $10 billion, but strong investor demand for AI quickly pushed the round higher, sources told the FT.
Between $10 billion and $15 billion of the funding is expected to arrive as soon as Tuesday, with the remainder closing over the coming weeks. The round is led by Singapore’s sovereign wealth fund GIC and U.S. investor Coatue, with Sequoia Capital contributing a sizable amount.
The announcement is boosting AI-linked markets, including bitcoin miners expanding into AI and high-performance computing (HPC). IREN (IREN) and Cipher Mining (CIFR) are up more than 12%, while Hut 8 (HUT) and TeraWulf (WULF) have gained over 8%. Near Protocol (NEAR) is modestly higher at $1.38.
Anthropic has previously secured strategic investments from Microsoft and Nvidia, which committed $10 billion and $5 billion, respectively.
