Anthropic is set to raise about $20bn from venture capitalists and other investors, double the amount it had targeted in a sign of surging investor enthusiasm for the high-profile AI start-up.
The fundraising deal, which is close to being finalised, would value the company at $350bn, said people familiar with the matter. The upsized transaction underscores Anthropic’s growing momentum as chief rival to the ChatGPT maker OpenAI.
Anthropic had been in talks to raise about $10bn from investors to finance its expansion plans; however, that amount has since doubled because of the high level of investor demand to back the company.
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