Anthropic is preparing to raise $10 billion in new funding. The developer of the chatbot Claude is targeting a valuation of $350 billion, according to WSJ sources.
The funding round will be led by Singapore's sovereign wealth fund GIC and investment firm Coatue Management.
This new valuation is nearly double what it was in September of last year, when the startup was valued at $183 billion following a $13 billion Series F funding round.
In addition to the main round, Nvidia and Microsoft plan to invest up to $15 billion in Anthropic, sources reported. The parties expect to close the deal in the coming weeks, although the final investment amount may be adjusted.
The company's management forecasts reaching breakeven by 2028, ahead of its main competitor OpenAI's timeline. Anthropic also aims to conduct an initial public offering by 2026.
The excitement around AI startups continues following a record-setting 2025. According to Crunchbase, the artificial intelligence sector attracted about 50% of all global venture capital in the past 12 months.
The total investment exceeded $200 billion, with the largest deal during this period being OpenAI's $41 billion funding backed by SoftBank.
In December, U.S. tech giants formed the Agentic AI Foundation alliance to standardize AI agents.