Anthropic reportedly lining up $10B financing as AI funding race accelerates

Anthropic, the artificial intelligence startup behind the Claude chatbot, is preparing to raise about $10 billion in fresh capital at a roughly $350 billion valuation, underscoring how quickly investors are bidding up the value of leading model builders.

Singapore sovereign wealth fund GIC and Coatue Management are expected to anchor the round, according to reports by the Wall Street Journal and Reuters, who cited anonymous sources.

The financing could close within weeks, though the final size and terms may still shift. The deal would almost double Anthropic’s valuation from a funding round just a few months ago that priced the company at $183 billion.

The 2025 T3/Inside Information Software Survey found that among advisors using at least one search or generative AI tool, Anthropic stood among the most highly rated providers with a score of 8.10 out of 10. Amid a broader integration of AI, many advisors have taken to using general platforms like Claude and ChatGPT from OpenAI as thought partners and strategic research tools. 

GIC also has interests in the US wealth tech space, having led a $152 million investment round for Altruist last year. Before that in 2021, it also joined Stone Point Capital in buying a majority stake of retirement and savings account provider Ascensus.

While it's still to be confirmed, the latest reported raise for Anthropic builds on a wave of large commitments from big tech and asset managers. Microsoft and Nvidia together plan to invest as much as $15 billion into the company, according to CNBC, with Anthropic agreeing to buy $30 billion of cloud computing capacity from Microsoft’s Azure platform powered by Nvidia systems. The AI startup's existing backers include Lightspeed Venture Partners, Fidelity Management & Research and Iconiq Capital.

Microsoft previously disclosed plans to put up to $5 billion into Anthropic, while Nvidia has discussed investing up to $10 billion, pushing the startup’s private valuation into the $350 billion range. Those arrangements sit alongside a broader strategic partnership in which Anthropic will use Nvidia’s Grace Blackwell and Vera Rubin chips and collaborate on optimizing its models for speed and efficiency.

Anthropic, founded in 2021 by former OpenAI executives led by chief executive Dario Amodei, has said it expects to reach break-even in 2028, potentially hitting profitability faster than OpenAI itself. The company has raised tens of billions of dollars and is widely expected to pursue a public listing, with reports suggesting an initial public offering could come as early as 2026.

The company counts both Google, through its parent Alphabet, and Amazon.com among its strategic investors. Amazon Web Services is Anthropic’s primary cloud and training partner, while Microsoft is emerging as a separate provider of large-scale compute resources, highlighting how major technology platforms are simultaneously competing and partnering around core AI infrastructure.

“As an industry, we really need to move beyond any type of zero-sum narrative or winner-take-all hype,” Microsoft CEO Satya Nadella said in a November video unveiling strategic partnerships alongside Anthropic and Nvidia. “What’s required now is the hard work of building broad, durable capabilities together so that this technology can deliver real, tangible local success for every country, every sector and every customer."