Anthropic raises $5 billion at a $170 billion valuation

AI model startup developer Anthropic is in talks to raise between $3 and $5 billion in investment, which could boost its market valuation to $170 billion.

Iconiq Capital is the lead investor in the round, although a second lead investor may also join the deal. According to sources, the company is also discussing participation from the Qatar Investment Authority and Singapore's GIC — sovereign wealth funds.

The new valuation nearly triples the previous one — $61.5 billion, which the company received after an investment round in March. At that time, investors included Bessemer Venture Partners, Cisco Investments, D1 Capital Partners, Fidelity, General Catalyst, Jane Street, Menlo Ventures, and Salesforce Ventures.

Source: TechCrunch