(Bloomberg) – A is close to closing an agreement to raise up to $ 5 billion in a new round of investments that can evaluate the $ 170 billion artificial intelligence startup, according to a person familiar with the subject.
Investment manager Iconiq Capital is leading the round, which should total between $ 3 billion and $ 5 billion, said the source, which spoke on condition of anonymity to deal with private information. Anthropic has also been talking to Qatar’s investment fund and Singapore Sovereign Fund, GIC, about the possibility of participating in the round, the person added.
Funding may involve a second leading investor, including other companies that are under negotiation to enter the round, the source said. The deal is still being finalized and the details may change.
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This new capture would represent a significant leap in the company’s evaluation and would consolidate its status as one of the world’s leading AI developers. Anthropic led by Lightspeed Venture Partners earlier this year. Lightspeed will also participate in the new round, according to a person familiar with the subject.
Anthropic, Iconiq, Gic and Lightspeed preferred not to comment. Representatives of the Qatar Investment Fund did not immediately respond to the request for comment.
Founded in 2021 by former OpenAi employees, Anthropic is positioned as a reliable company concerned with security, in whom users can trust. The new contribution will fund Anthropic’s competition with Elon Musk’s OpenAi and Xai, which also raised billions in capital this year to invest in data centers and talents to develop AI models.
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OpenAi was recently valued at US $ 300 billion, considering the capital captured. Musk seeks an assessment of up to $ 200 billion for Xai.
Leading developers of large language models, such as OpenAi and Xai, have already resorted to Middle East investors with great financial capacity, such as Abu Dhabi MGX to raise funds. Sovereign funds usually have many more active available to invest than traditional capital venture funds.
In a recent memorandum to employees, initially reported by Wired, Anthropic CEO Dario Amodei recognized the need to raise funds in the Middle East, despite having previously expressed concerns about receiving money from authoritarian countries. “Unfortunately, I think ‘no bad person should benefit from our success’ is a very difficult principle to run a business,” he wrote.
