Anthropic recently raised $65 billion in its latest funding round, which took its valuation to $965 billion as investor money continues to pour into AI companies.
Financial Times reported Anthropic’s valuation overtook OpenAI’s following the round.
Anthropic plans to use the latest funds to advance “safety and interpretability research, expand compute to meet growing demand” for AI assistant Claude “and scale the products and partnerships our customers rely on”.
The financing was led by Altimeter Capital, Dragoneer, Greenoaks and Sequoia Capital. Other investors include private equity funds and the company’s partners. The $65 billion includes $15 billion in previously-committed cash from so-called hyperscale companies.
Micron Technology, Samsung and SK Hynix, which Anthropic describes as “strategic infrastructure partners”, were also among the lengthy list of backers.
Cash
As with peers in the AI boom, the company is no stranger to funding rounds amounting to multiple billions of dollars.
In February, it raised $30 billion, which brought its valuation at the time to $380 billion.
Anthropic noted since that round, its Claude AI offering gained further traction with enterprises around the globe and across a range of industries, with its run-rate revenue crossing the $47 billion mark this month.
Source: Mobile World Live
Image Credit: Anthropic
Source: Tahawul Tech