NEWS
NEWS

Anthropic agrees to a funding round that increases its value to $900 billion, surpassing OpenAI

Updated

The round, reported by the Financial Times, will close next month according to Reuters

A user uses Anthropic.
A user uses Anthropic.E.M

The artificial intelligence company Anthropic has agreed to terms for a $30 billion funding round (¤25.789 billion at the exchange rate). This would increase its valuation to $900 billion (¤773.699 billion), as reported by the Financial Times on Friday.

This move places the company led by Dario Amodei above the $852 billion (¤732 billion) valuation of its rival OpenAI, a figure achieved through the last funding round completed in March with the participation of Nvidia, Amazon, and SoftBank.

The round announced on Friday was co-led by investors Sequoia Capital, Altimeter Capital, Dragoneer, and Greenoaks, as specified by two sources close to the operation to the Financial Times, which has not received confirmation from any of those mentioned.

According to the economic media from the mentioned sources, "each of the co-leaders of the investor group was expected to contribute $2 billion or more," although the AI company is in talks with other investors to secure the rest of the new funding, "and the conditions could still change before the agreement is announced."

The agreement comes just three months after the company raised $30 billion and reached a valuation of $350 billion (¤300.868 billion). Reuters reports that the signing will take place next month.

At the end of April, Google committed to investing $10 billion (¤8.5 billion) with the possibility of extending this investment by an additional $30 billion in Anthropic as part of an agreement aimed at strengthening the relationship between both companies.