Anthropic, the developer behind the Claude artificial intelligence systems, is preparing to raise approximately $10 billion in new funding, according to a report from The Wall Street Journal. The deal, which would value the company at around $350 billion, highlights the pace at which valuations in the AI industry continue to grow.
Anthropic’s valuation nearly doubles in three months
The new round would almost double Anthropic’s last valuation of $183 billion, which was set in a $13 billion Series F round just three months ago. In March 2025, the firm raised $3.5 billion at a $61.5 billion valuation.
Sources cited by The Wall Street Journal identified Coatue Management and GIC, Singapore’s sovereign wealth fund, as the lead investors in the upcoming round. Both the raise and the valuation have been confirmed, though details are subject to change as the deal nears completion in the coming weeks.
The planned fundraising would be separate from the previously announced $15 billion commitment from Nvidia and Microsoft, a circular deal in which Anthropic would purchase up to $30 billion in compute capacity from Microsoft’s Azure platform powered by Nvidia chips.
Expanding capacity for Claude and new products
Anthropic continues to attract developer attention with Claude Code, a tool designed to automate programming tasks using its Claude Opus 4.5 model. The company says its latest models demonstrate measurable improvements in complex reasoning and enterprise reliability.
In parallel, Anthropic has begun an extensive data center expansion, with projects underway in New York and Texas. The company has allocated around $50 billion for these facilities, the dedicated Amazon Web Services cloud environment built near Lake Michigan with an $11 billion investment. The new infrastructure aims to provide additional computational capacity for refining upcoming Claude iterations.
The company also recently completed the acquisition of Bun, a JavaScript toolkit developer. Anthropic plans to use this technology to enhance its coding assistant Claude Code and integrate advanced development tools directly into enterprise workflows.
Revenue growth drives investor confidence
The company’s valuation surge mirrors accelerating growth in its revenue base. According to Reuters, Anthropic is projected to end 2025 with approximately $9 billion in annual recurring revenue. Internal forecasts indicate that this figure could nearly triple by the end of 2026. The revenue trajectory has strengthened investor expectations for profitability and sustained leadership in the AI sector.
While Anthropic has declined public comment on the latest financing plans, the company’s strategy suggests it is positioning for larger market entry. Persons briefed on the process say the company has already engaged legal counsel in preparation for a potential initial public offering (IPO) later this year.
Strategic investors look to secure early stakes
Global investors remain eager to secure early positions in AI market leaders before the sector transitions to public markets. Coatue and GIC’s participation in the latest round reinforces the shifting focus toward a handful of dominant AI developers that command unmatched scale and access to computing infrastructure.
This trend emerges as OpenAI, Anthropic’s main competitor, reportedly explores its own funding round that could reach $100 billion at a potential valuation of up to $830 billion.
AI sector consolidation continues
The AI investment surge shows no signs of slowing. Data from Crunchbase indicated that AI companies collectively raised $202 billion in 2025, accounting for nearly half of total global venture funding. Anthropic’s funding activity places it among the small group of AI developers, including OpenAI, Scale AI, xAI, and Project Prometheus, capable of raising multibillion-dollar sums from institutional investors.
If finalized, the $10 billion raise would rank among the largest private financing rounds in technology history. It also positions Anthropic to pursue an IPO during a pivotal year for the AI industry as it continues to consolidate around a few global firms with deep infrastructure partnerships and capital reserves.
Gunel Ismayilova
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