AI Startup Anthropic Eyes $60 Billion Valuation with $2 Billion Funding Round
In the midst of a generative AI frenzy, Anthropic, a rival to OpenAI, is in advanced talks to secure a whopping $2 billion in funding, which would propel its valuation to a staggering $60 billion. This development comes hot on the heels of OpenAI’s $6.6 billion raise just three months ago, nearly doubling its valuation to $157 billion.
Lightspeed Venture Partners Takes the Lead
Lightspeed Venture Partners is spearheading the funding round, according to sources familiar with the matter. The $60 billion valuation would encompass the fresh capital Anthropic plans to raise, as well as existing investments.
A New Era of AI Funding
Anthropic is not alone in its quest for massive funding. Elon Musk’s xAI recently raised $6 billion, valuing the AI startup at over $40 billion. This surge in investments underscores the immense excitement surrounding generative AI.
Anthropic’s Rise to Prominence
Founded in 2021 by former OpenAI employees, Anthropic has emerged as a formidable rival to the ChatGPT maker. The startup has made significant strides in selling AI software to businesses, including finance and healthcare firms. In fact, Anthropic is on track to generate around $875 million in annual revenue, according to sources.
Previous Investments and Future Plans
In November, Amazon invested an additional $4 billion in Anthropic, boosting its existing stake in the firm. While Amazon doesn’t plan to invest further beyond this amount, Menlo Ventures, an existing backer, expects to invest again in the startup.
The Future of AI
As the AI landscape continues to evolve, Anthropic’s funding round is a testament to the immense potential of this technology. With its sights set on a $60 billion valuation, Anthropic is poised to play a significant role in shaping the future of artificial intelligence.
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