Anthropic Targets $350B Valuation With New $10B Funding Round

TLDR

• Anthropic is reportedly raising $10 billion in a new funding round.
• The company is targeting a valuation of $350 billion in this round.
• GIC and Coatue Management are expected to lead the funding round.
• Nvidia and Microsoft plan to invest up to $15 billion in Anthropic.
• The round follows a previous $13 billion raise in September 2025.

Anthropic is preparing to raise $10 billion in fresh funding as it targets a $350 billion valuation, according to sources, with Singapore’s GIC and Coatue Management expected to lead the round, The Wall Street Journal reported, and this comes only months after a previous funding round valued the company at $183 billion.

Valuation Doubles Within Months as Investor Interest Rises

Anthropic’s valuation has nearly doubled since September 2025, when it raised $13 billion in a Series F round. That round was co-led by ICONIQ Capital, Fidelity Management, and Lightspeed Venture Partners.

The latest funding push underscores persistent demand from institutional investors backing leading AI developers. According to WSJ sources, the round is not yet closed and the final amount may still change.

Anthropic has grown fast since its 2021 founding by Dario and Daniela Amodei, both former Google researchers. Its enterprise-focused chatbot, Claude, has seen wide adoption due to its strong coding and text capabilities.

GIC, Coatue to Lead Round as Microsoft and Nvidia Commit

Singapore’s sovereign wealth fund GIC and investment firm Coatue Management plan to co-lead the new funding round. Both firms have increased exposure to artificial intelligence and related infrastructure in recent years.

The Wall Street Journal also reported that Nvidia and Microsoft have plans to invest up to $15 billion in Anthropic. These investments are expected to support long-term development, infrastructure, and operational scale-up.

Microsoft has previously signed major cloud agreements with AI startups, while Nvidia has supplied high-performance chips. Their expected backing of Anthropic reflects continued alignment with AI builders.

“The round is expected to close in the coming weeks,” the Journal quoted sources familiar with the discussions. The company has not officially commented on the details or timeline of the round.

Strong Momentum Follows Record AI Funding in 2025

Anthropic is one of several AI firms that raised more than $5 billion in 2025. Others include Scale AI, xAI, and Project Prometheus, which focuses on real-world AI applications.

OpenAI led all companies with a $40 billion round backed by SoftBank in March 2025. That round marked the largest-ever single investment in an AI company to date.

According to Crunchbase, AI startups drew nearly half of all global funding in 2025, reaching $202 billion. This compares with 34% of global funding in 2024, showing increased focus from investors on AI platforms.

Anthropic plans to break even by 2028, based on internal forecasts cited by the Journal. This timeline puts it ahead of OpenAI, which projects longer runway to profitability.

The company is also preparing for a potential public listing within the next year, according to sources. No final decision has been announced, and the IPO timeline could still shift.

OpenAI, in parallel, is pursuing up to $100 billion at a $750 billion valuation, based on separate reports. Both companies remain at the center of escalating competition among top AI labs.

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