Anthropic Valuation Soars to $350 Billion as Investors Double Funding Target

TLDR

• Anthropic is raising around $20 billion at a $350 billion valuation, double its initial $10 billion target due to strong investor demand
• The funding round is led by Singapore’s GIC and Coatue, with participation from Sequoia Capital and existing backers
• The company is preparing for a potential IPO later this year and has hired Wilson Sonsini for early preparations
• Anthropic now projects 2026 revenue of up to $18 billion, nearly quadruple from previous levels, and $55 billion by 2027
• The company has pushed its cash-flow positive target to 2028 due to rising costs for training and operating AI models

Anthropic is preparing to raise approximately $20 billion from venture capital firms and major investors at a valuation of $350 billion, according to the Financial Times. The AI startup initially sought $10 billion for its expansion plans. Strong investor interest doubled the total amount.

The company expects to secure an initial $10 billion to $15 billion as early as Tuesday. The remainder will be completed in the coming weeks.

Singapore’s sovereign wealth fund GIC and U.S. investment firm Coatue are leading the funding round. Sequoia Capital is expected to make a large commitment. Existing backers including Iconiq Capital, Altimeter Capital, Lightspeed Venture Partners, Menlo Ventures, G Squared, and Factorial Funds are likely to participate.

The fundraising comes as Anthropic prepares for a possible initial public offering. The IPO could happen later this year. The company has hired law firm Wilson Sonsini to begin early IPO preparations and has held preliminary discussions with banks about a future listing.

Anthropic was founded by former OpenAI researchers. The company has built a reputation for its focus on constitutional AI, a method aimed at making large language models safer and more predictable. Its Claude family of models has gained traction with enterprises looking for AI tools.

Revenue Growth and Financial Outlook

Anthropic has raised its 2026 revenue projections by about 20 percent, according to The Information. The San Francisco-based company now expects sales to nearly quadruple this year to as much as $18 billion. Revenue is projected to reach around $55 billion in 2027.

The new forecasts are much higher than earlier internal projections. The company has pushed back its timeline for becoming cash-flow positive to 2028, about a year later than previously expected.

Rising expenses tied to training and operating AI models have outpaced revenue growth. Higher costs include expanded model training and compute infrastructure.

Strategic Partnerships

Amazon and Google have each signed multibillion-dollar deals with Anthropic. These partnerships bring Anthropic’s AI models into their cloud platforms.

The $350 billion valuation would represent a large increase from Anthropic’s earlier funding rounds. The valuation reflects competition among investors to secure stakes in leading AI companies.

The company faces continued pressure to balance rapid expansion with longer-term financial sustainability ahead of any potential public listing.

The post Anthropic Valuation Soars to $350 Billion as Investors Double Funding Target appeared first on CoinCentral.