AI startup Anthropic is raising one of the largest private funding rounds on record, with reports indicating a target of at least $10 billion, and some suggesting it could reach $25 billion. [1, 4, 12] The round, which is reportedly oversubscribed, values the company at approximately $350 billion, a significant increase from previous valuations. [4, 7, 11] The financing is expected to be led by Singapore's sovereign wealth fund GIC and Coatue Management, with participation from Sequoia Capital and others. [1, 4, 12, 22]
The massive capital infusion is intended to fund the immense computing costs required to develop advanced AI models and compete with rivals like OpenAI. [1] The deal highlights intense investor appetite in the AI sector and is fueled by Anthropic's rapid revenue growth, which reportedly topped a $9 billion run rate at the end of 2025. [4] This round further solidifies the AI landscape as a capital-intensive race dominated by a few key players and their Big Tech backers. [18]