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AI Startup Anthropic Nearing $3.5 Billion in Funding, Sources Report

On February 24, Reuters reported that AI startup Anthropic is aiming to raise $3.5 billion in funding, which would set its valuation at $61.5 billion, according to two sources familiar with the situation.

The startup responsible for the Claude chatbot may secure support from venture capital firms Lightspeed Venture Partners, General Catalyst, and Bessemer Venture Partners, as per the sources.

This funding round exceeds what the company had intended to raise based on a previous Reuters report.

Amidst the surge of interest in AI-related startups, especially in the U.S., where almost half of the total funding raised last year went to such entities, prominent venture capital firms have been quick to invest in the promising technology landscape.

Despite the emergence of China's budget-friendly competitor, DeepSeek, U.S. AI startups like Anthropic continue to attract investor attention.

OpenAI, creator of ChatGPT, is reportedly seeking funding that could potentially value the company at up to $300 billion.

Anthropic, in the foundation model realm, competes with OpenAI and was established by former executives from the startup led by Sam Altman, as well as siblings Dario and Daniela Amodei. Last year, it secured a valuation of approximately $18 billion in a fundraising round led by Menlo Ventures.

In a bid to enhance its competitive edge in the generative artificial intelligence sector, the company announced the launch of Claude 3.7 Sonnet, a new model designed to deliver quicker responses and demonstrate its decision-making process step by step.

For any comments, Reuters was unable to reach Anthropic immediately. The fundraising news was initially disclosed by the Wall Street Journal.