Anthropic Nearly Triples Valuation To $183B With Massive New Funding
Generative AI company Anthropic said Tuesday that it has raised a $13 billion Series F round at a $183 billion valuation. Iconiq Capital led the round, with Fidelity Management & Research Co. and Lightspeed Venture Partners co-leading.
With the new funding, Anthropic becomes the fourth-most valuable private company in the world, per Crunchbase data. The San Francisco-based company remains the second-most highly valued generative AI startup behind rival OpenAI, which was valued at $300 billion most recently.
The announcement confirms reporting over the summer that Anthropic was in talks to raise significant new funding at a much higher valuation. The new round nearly triples its valuation from March, when it raised $3.5 billion at a $61.5 billion valuation.
The company says its revenue run rate as of August was more than $5 billion — significant growth since the beginning of the year, when that figure was around $1 billion. Much of its growth has been on the enterprise side: Anthropic said it now has more than 300,000 business customers, up nearly 7x in the past year.
Anthropic’s deal also comes as funding to artificial intelligence startups dominates venture investment globally. Around $40 billion in venture investment — or 45% of global funding — went to the AI sector in Q2, according to Crunchbase data. Foundation model companies raised $5.5 billion of that.
Anthropic has now raised $33.7 billion since its inception in 2021, per Crunchbase. Its funding also illustrates the extent to which venture investment has increasingly concentrated into larger rounds for already well-capitalized startups.
Other major investors in its new funding included Altimeter, Baillie Gifford, affiliated funds of BlackRock, Blackstone, Coatue, D1 Capital Partners, General Atlantic, General Catalyst, GIC, Growth Equity at Goldman Sachs Alternatives, Insight Partners, Jane Street, Ontario Teachers’ Pension Plan, Qatar Investment Authority, TPG, T. Rowe Price Associates Inc., T. Rowe Price Investment Management Inc., WCM Investment Management and XN.
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- Iconiq Is On A Roll
- Report: Anthropic Raising $5B At A $170B Valuation As AI Funding Heats Up
- Q2 Global Venture Funding Climbs In A Blockbuster Quarter For AI And As Capital Concentrates In Larger Companies
Illustration: Dom Guzman
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Anthropic Nearly Triples Valuation To $183B With Massive New Funding
Generative AI company Anthropic said Tuesday that it has raised a $13 billion Series F round at a $183 billion valuation. Iconiq Capital led the round, with Fidelity Management & Research Co. and Lightspeed Venture Partners co-leading.
With the new funding, Anthropic becomes the fourth-most valuable private company in the world, per Crunchbase data. The San Francisco-based company remains the second-most highly valued generative AI startup behind rival OpenAI, which was valued at $300 billion most recently.
The announcement confirms reporting over the summer that Anthropic was in talks to raise significant new funding at a much higher valuation. The new round nearly triples its valuation from March, when it raised $3.5 billion at a $61.5 billion valuation.
The company says its revenue run rate as of August was more than $5 billion — significant growth since the beginning of the year, when that figure was around $1 billion. Much of its growth has been on the enterprise side: Anthropic said it now has more than 300,000 business customers, up nearly 7x in the past year.
Anthropic’s deal also comes as funding to artificial intelligence startups dominates venture investment globally. Around $40 billion in venture investment — or 45% of global funding — went to the AI sector in Q2, according to Crunchbase data. Foundation model companies raised $5.5 billion of that.
Anthropic has now raised $33.7 billion since its inception in 2021, per Crunchbase. Its funding also illustrates the extent to which venture investment has increasingly concentrated into larger rounds for already well-capitalized startups.
Other major investors in its new funding included Altimeter, Baillie Gifford, affiliated funds of BlackRock, Blackstone, Coatue, D1 Capital Partners, General Atlantic, General Catalyst, GIC, Growth Equity at Goldman Sachs Alternatives, Insight Partners, Jane Street, Ontario Teachers’ Pension Plan, Qatar Investment Authority, TPG, T. Rowe Price Associates Inc., T. Rowe Price Investment Management Inc., WCM Investment Management and XN.
Related Crunchbase query:
Related reading:
- Iconiq Is On A Roll
- Report: Anthropic Raising $5B At A $170B Valuation As AI Funding Heats Up
- Q2 Global Venture Funding Climbs In A Blockbuster Quarter For AI And As Capital Concentrates In Larger Companies
Illustration: Dom Guzman
Read More
Job-Related Startup Funding Points To More AI Screening And More ‘Gigification’ Of Work