Anthropic is reportedly close to securing a funding round that could inject up to $5 billion into the AI company, potentially valuing it at $170 billion. This represents a significant jump from its previous valuation of $61.5 billion earlier this year.
The funding round is reportedly being led by Iconiq Capital, with potential participation from Qatar Investment Authority and Singapore's GIC. This fresh capital is expected to bolster Anthropic's position in the competitive AI landscape.
Anthropic's valuation has been steadily increasing, with reports earlier in the month suggesting a valuation target of $100 billion and then $150 billion. The company's annualized revenue has also seen substantial growth, driven by business subscriptions to its Claude AI model, which is used in coding and other applications.
