Anthropic plans new fundraise at $350 billion valuation, sources say

Core Viewpoint - Anthropic is planning a multi-billion-dollar fundraising round that could value the company at $350 billion, nearly doubling its valuation from four months ago [1][2]. Group 1: Fundraising and Valuation - Anthropic aims to raise $10 billion in a funding round, with Singapore's sovereign wealth fund GIC and Coatue Management expected to lead the financing [1]. - The company's previous funding round raised $13 billion at a valuation of $183 billion [3]. - The upcoming round could close within weeks, although the size and terms may change [2]. Group 2: Market Context and Demand - There is insatiable demand for AI and growing enterprise adoption, driving global tech spending higher and pushing valuations of AI startups like Anthropic to record levels [2]. - Concerns about an AI bubble are present despite the rising valuations [2]. Group 3: Future Plans and Revenue - Anthropic has hired law firm Wilson Sonsini to prepare for a potential initial public offering (IPO) as early as 2026 [3]. - The company aims to more than double and potentially nearly triple its annualized revenue run rate this year, supported by increasing adoption of its enterprise products [4].