The round would rank Anthropic among some of the most valuable private tech companies.
Anthropic is set to raise as much as $5bn in a round led by global investment firm Iconiq Capital which would value the start-up at $170bn, Bloomberg reported yesterday (29 July).
This would nearly triple the artificial intelligence (AI) company’s value in four months and rank it among some of the most valuable private technology companies in the world including rival OpenAI which is valued at $300bn, the Chinese TikTok-owner ByteDance at $312bn and SpaceX, which stands at about $400bn.
The round is set to raise between $3bn to $5bn with Iconiq in talks to invest $1bn into Anthropic, according to sources.
Just days ago, reports emerged that Anthropic was involved in discussions for a new raise with a number of large Middle Eastern investors, including the United Arab Emirates state investment fund MGX.
Iconiq, however, is based in San Francisco, and has more than $80bn assets under management. Its wide-ranging portfolio includes Airbnb, Go Fund Me, Databricks, UK online bank Monzo, Uber and Zoom.
Anthropic raised $3.5bn in a Series E funding round in March, taking the four-year-old start-up to a $61.5bn post-raise valuation.
The round was led by Lightspeed Venture Partners and saw participation from several big name investors including Bessemer Venture Partners, Cisco Investments, Fidelity Management and Research Company and General Catalyst.
The start-up has also seen massive support from the likes of Google, which reportedly pumped more than $1bn into the start-up, as well as Amazon, which has invested $8bn into Anthropic over the years.
A month after the March raise, Anthropic announced plans to create more than 100 new jobs across its European offices, with a primary focus on hiring in Dublin and London.
The company opened its first EU office last year in Dublin, aiming at a European expansion.
While in May, the start-up released its Claude 4 models and claimed that Claude Opus 4 was the “best coding model in the world”.
Don’t miss out on the knowledge you need to succeed. Sign up for the Daily Brief, Silicon Republic’s digest of need-to-know sci-tech news.