Anthropic plans to raise $10 billion at a $350 billion valuation, as reported by The Wall Street Journal. TechCrunch confirmed the funding amount and valuation through a person familiar with the matter.
The company last completed a $13 billion Series F round three months earlier, which valued Anthropic at $183 billion. That raise followed a $3.5 billion funding secured in March at a $61.5 billion valuation. The new round would nearly double the firm’s valuation from the prior effort.
Coatue Management and GIC, Singapore’s sovereign wealth fund, will lead the upcoming financing, according to WSJ sources familiar with the deal. Anthropic anticipates closing the round in the coming weeks, though the total amount raised could still adjust.
This proposed $10 billion raise stands apart from a separate $15 billion commitment recently made by Nvidia and Microsoft. That arrangement functions as a circular deal, under which Anthropic agrees to purchase $30 billion worth of compute capacity from Microsoft Azure powered by Nvidia chips.
The influx of capital arrives while Anthropic draws developers through Claude Code, a tool designed to automate coding tasks. This product operates using Claude Opus 4.5 as its underlying model.
Anthropic readies for a potential initial public offering this year. The company would join its primary competitor, OpenAI, in such plans. OpenAI currently negotiates to raise as much as $100 billion at a valuation reaching up to $830 billion.
