Anthropic Nears Deal To Raise Funding at $170 Billion Valuation

An anonymous reader shares a report: Anthropic is nearing a deal to raise as much as $5 billion in a new round of funding that would value the AI startup at $170 billion, according to a person familiar with the matter. Investment firm Iconiq Capital is leading the round, which is expected to total between $3 billion and $5 billion, said the person, who spoke on condition of anonymity to discuss private information.

Anthropic has also been in discussions with the Qatar Investment Authority and Singapore's sovereign fund GIC about participating in the round, the person said. The new financing would mark a significant jump in valuation for the company and cement its status as one of world's leading AI developers. Anthropic was valued at $61.5 billion in a $3.5 billion round led by Lightspeed Venture Partners earlier this year.

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