Anthropic reportedly raising $10B at $350B valuation

Anthropic is gearing up to raise a fresh $10 billion at a $350 billion valuation, according to The Wall Street Journal. TechCrunch has confirmed the raise and valuation, according to a person familiar with the matter.

The Claude maker last raised a $13 billion Series F round at a $183 billion valuation three months ago, so this raise nearly doubles the AI firm’s value. In March, Anthropic secured $3.5 billion at a $61.5 billion valuation. 

Coatue Management and GIC, Singapore’s sovereign wealth fund, will lead the new round, per the WSJ, which cited sources familiar with the deal. Anthropic is expected to close its latest financing in the coming weeks, and the total deal amount could change. 

This round would be separate from the $15 billion Nvidia and Microsoft recently committed to invest in Anthropic, a “circular” deal that would see Anthropic buying $30 billion of compute capacity from Microsoft Azure running on Nvidia’s chips. 

The fresh capital comes as Anthropic continues to win over developer hearts with Claude Code, its tool designed to automate coding, powered by Claude Opus 4.5. It also comes as Anthropic prepares for a potential IPO this year alongside its main rival OpenAI. OpenAI is also in talks to raise as much as $100 billion at a valuation of up to $830 billion.

Anthropic declined to comment.

This article was updated to reflect that TechCrunch separately confirmed the round.