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