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18h ago

Anthropic Nears $3–5 Billion Iconiq-Led Funding Round at $170 Billion Valuation

Discussions with Qatar’s sovereign fund alongside Singapore’s GIC illustrate its embrace of Gulf backing to fuel enterprise AI expansion.

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Overview

  • Talks underway for a $3–5 billion financing led by Iconiq Capital that would value Anthropic at roughly $170 billion.
  • Iconiq is expected to anchor the round with around $1 billion while existing backers such as Amazon weigh additional contributions.
  • CEO Dario Amodei reversed prior reluctance over Gulf funding and now signals that sovereign investment is vital for cutting-edge AI research.
  • This proposed valuation significantly surpasses the $61.5 billion post-money assessment from March’s $3.5 billion Lightspeed-led round.
  • Rapid enterprise uptake of its Claude AI models across finance and professional services has driven annual recurring revenue growth and fueled investor interest.