Anthropic to close over $30 billion round

Bloomberg reported on May 22 that Anthropic was set to close a funding round of more than $30 billion as soon as next week, citing people familiar with the matter. The report said the deal could value the artificial intelligence company above $900 billion, a level that would put it ahead of OpenAI among privately held AI startups. Anthropic did not publicly confirm the new financing on Friday. The company had already raised $30 billion on February 12 at a $380 billion post-money valuation, according to its own announcement. (bloomberg.com) ### How big would this round be compared with Anthropic’s last one? (money.usnews.com) Anthropic said on February 12 that it had raised $30 billion in Series G funding led by GIC and Coatue at a $380 billion post-money valuation. The company said the round also included participation from D. E. Shaw Ventures, Dragoneer, Founders Fund, ICONIQ and MGX, along with a broader group of investors. A valuation above $900 billion would represent a jump of more than $500 billion in a little over three months from that February financing. Reuters reported on April 29, citing Bloomberg, that Anthropic was weighing a new round at more than $900 billion and had not yet accepted any offers at that stage. (bloomberg.com) ### What has Anthropic said publicly about its business since February? Anthropic said in its February 12 funding announcement that its run-rate revenue had reached $14 billion and was growing more than 10 times annually for each of the prior three years. (anthropic.com) The company also said more than 500 customers were spending over $1 million annually with it, up from a dozen two years earlier. The same announcement said eight of the Fortune 10 were Claude customers and that Claude Code had reached more than $2.5 billion in run-rate revenue. Anthropic Chief Financial Officer Krishna Rao said then that customer demand was driving the fundraising and that the company would use the money for enterprise products and models. (money.usnews.com) ### Why has a new financing been under discussion since April? Reuters reported on April 29 that Anthropic was entertaining offers at more than double its then-current valuation, while Bloomberg said the company had received multiple preemptive offers for around $50 billion at valuations in the $850 billion to $900 billion range. (anthropic.com) Reuters said Anthropic declined to comment at the time. CNBC reported the same day that Anthropic was in talks with investors about raising money at a $900 billion valuation and that no term sheet had been signed. CNBC also reported, citing a person familiar with the matter, that Anthropic needed additional capital to buy computing capacity needed to run its newest systems. (anthropic.com) ### What else has been happening around Anthropic’s financing push? CNBC reported on April 29 that Anthropic had struck an infrastructure-focused deal with Amazon earlier in May under which Amazon agreed to invest up to $25 billion and Anthropic secured up to 5 gigawatts of compute capacity. (money.usnews.com) The same report said Anthropic also secured 5 gigawatts of computing capacity through an announcement with Google and Broadcom that would begin coming online next year. The New York Times reported on May 12 that Anthropic was in talks to raise funding at a $950 billion valuation. Bloomberg’s May 22 report indicated those discussions had advanced to a potential closing timeline of next week. (cnbc.com) ### What happens next? Next week is the immediate milestone in Bloomberg’s May 22 report, which said Anthropic could close the financing in that window. Anthropic has not yet issued a public statement on the reported round, and Reuters said on April 29 that the fundraising discussions were tied to a possible IPO that Bloomberg had said could come as soon as October. (bloomberg.com) (nytimes.com) (cnbc.com)