Anthropic just doubled down on what's already shaping up to be one of the largest AI funding rounds in history. The Claude maker has increased its fundraising target from $10 billion to $20 billion at a jaw-dropping $350 billion valuation, according to Financial Times reports. The move signals explosive investor appetite for AI infrastructure and positions Anthropic as a direct threat to OpenAI's market dominance. With the round expected to close imminently, the San Francisco-based startup is rewriting the rulebook on venture scale.
Anthropic is making moves that are forcing the entire AI industry to recalculate. The company behind Claude and Claude Code has doubled its fundraising ambitions from $10 billion to $20 billion, sources told the Financial Times. At a $350 billion valuation, this puts Anthropic ahead of OpenAI's reported $300 billion valuation and cements its position as one of the most valuable private companies on the planet.
The decision to expand the round came down to one thing: investor demand went through the roof. Sequoia Capital is leading the charge, making the rare move of backing both Anthropic and its direct competitor OpenAI. According to TechCrunch reporting, Sequoia's dual investment breaks a long-standing venture capital taboo against funding direct rivals. But when you're talking about the potential to reshape computing itself, old rules apparently don't apply.
Singapore's sovereign wealth fund and investment giant Coatue are also expected to participate, per the Financial Times. The round is expected to close soon, though exact timing remains under wraps. An Anthropic spokesperson declined to comment on the funding details.
