AI company Anthropic is preparing for a major funding round that could raise between $3 billion and $5 billion, Bloomberg reported on July 29. The deal, led by Iconiq Capital, would value the company at $170 billion.
Such a valuation would nearly triple Anthropic’s worth in four months, aligning it with high-profile firms including OpenAI at $300 billion, TikTok parent ByteDance at $312 billion, and SpaceX at $400 billion.
Iconiq is reportedly considering a $1 billion investment as part of the deal. This development comes shortly after speculation about talks with Middle Eastern investors, including the UAE’s MGX fund.
San Francisco-based Iconiq Capital oversees assets exceeding $80 billion. Its investment history includes Airbnb, GoFundMe, Databricks, Monzo, Uber, and Zoom.
Anthropic’s last fundraising effort in March secured $3.5 billion, raising its valuation to $61.5 billion. Major investors also include Google, with over $1 billion invested, and Amazon, with $8 billion in contributions.
The company set up its first European office in Dublin last year to drive its global expansion. In May, it introduced the Claude 4 suite, asserting that Claude Opus 4 leads the field in coding AI models.
