Anthropic is in negotiations to raise $18.4 billion at a valuation of $750 million
With investment rounds in April and May, Anthropic had already raised a total of $750 million. In October, Google committed to investing up to $2 billion in the firm over time.
Menlo Ventures-led talks are underway to raise $750 million for Anthropic, the rival company to OpenAI that was created by former OpenAI workers.
The person with knowledge of the matter estimates that Anthropic’s valuation from the round could reach $18.4 billion, which is about 4.5 times its earlier this year $4.1 billion valuation.
Anthropic, a 2021 startup backed by firms like Google, Salesforce, and Zoom, has already collected a total of $750 million through two funding rounds in April and May, one of which saw Google purchase a 10% stake in the business. Based on statistics from PitchBook, Anthropic’s May fundraising was at the time the biggest AI business funding round since Microsoft’s January investment in OpenAI.
Google committed to investing up to $2 billion in the firm in October; this includes an initial capital infusion of $500 million and subsequent payments of $1.5 billion.
Dario Amodei, the former vice president of research at OpenAI, and his sister Daniela, the vice president of safety and policy at OpenAI, created Anthropic. On Anthropic’s founding team were a number of additional OpenAI research grads.
