Anthropic Raises New Funds At $350 Billion Valuation, Will Turn Profit Before OpenAI

Throughout the fall, 'the word' among professional users of AI was that Anthropic's Claude was the preferred, more effective model for serious application of AI to actual business/organizational issues over OpenAI's ChatGPT. 

The latest announcement that Anthropic is raising new financing rounds at a lofty $350 billion valuation - approximately double its valuation just four months ago - and that it appears headed to become profitable in 2028, at least two years before OpenAI confirms those assessments. Much may still change as AI evolves, competition intensifies - not the least from less well known Chinese models - and corporate customers become both more adept and knowledgeable about how to use it optimally, but these numbers suggest that Anthropic has established itself as a formidable power within tech. JL

Kate Clark reports in the Wall Street Journal:

Anthropic, the developer of the chatbot Claude, plans to raise $10 billion at a valuation of $350 billion. The funding round, the third megadeal in the past year, follows a $13 billion investment in September that valued the company at $183 billion. The new financing kicks off what is likely to be another banner year for AI startup funding. In 2025, AI companies collected a record $222 billion, more than double 2024 levels. Anthropic expects to break even for the first time in 2028, putting it on track to turn a profit quicker than OpenAI.

Anthropic, the developer of the chatbot Claude, plans to raise $10 billion at a valuation of $350 billion before the new investment, according to people familiar with the matter, nearly doubling its valuation from four months ago.

GIC, Singapore’s sovereign-wealth fund, and Coatue Management plan to lead the new financing, the people said. The funding round, the third megadeal in the past year, follows a $13 billion investment in September that valued the company at $183 billion.

The round is expected to close in the coming weeks. The total amount of the deal could change.

The new financing kicks off what is likely to be another banner year for AI startup funding. In 2025, AI companies collected a record $222 billion, more than double 2024 levels, according to the latest data from research firm PitchBook.

It is also slated to be a big year for public offerings after an IPO drought. Anthropic is expected to go public this year, as is Elon Musk’s SpaceX.

Founded in 2021 by Dario Amodei, a former Google researcher and OpenAI alum, and his sister, Daniela Amodei, Anthropic is known for Claude, a tool that has become popular among business users because of its strength in coding and other areas. Anthropic has raised tens of billions to date from existing investors including Lightspeed Venture Partners, Fidelity Management & Research and Iconiq Capital.

The new capital comes in addition to the up to $15 billion that Nvidia and Microsoft plan to invest in the OpenAI competitor, one of the people said. As part of that deal, Anthropic said it would purchase $30 billion of compute capacity from Microsoft Azure running on Nvidia AI systems.

Anthropic expects to break even for the first time in 2028, putting it on track to turn a profit quicker than OpenAI, The Wall Street Journal has reported.

The ChatGPT developer is also in talks to raise additional capital. OpenAI is aiming to raise as much as $100 billion at a valuation of $750 billion before the new investment, the Journal has reported.