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Investing.com -- Anthropic is close to securing a new funding round of up to $5 billion that would value the artificial intelligence startup at $170 billion, according to Bloomberg.
Investment firm Iconiq Capital is leading the funding round, which is expected to range between $3 billion and $5 billion, according to a person familiar with the matter who requested anonymity because the information is private.
The AI company has also been in talks with the Qatar Investment Authority and Singapore’s sovereign fund GIC about joining the investment round.
This new financing would represent a substantial increase from Anthropic’s previous valuation of $61.5 billion, which was established earlier this year in a $3.5 billion funding round led by Lightspeed Venture Partners.
The potential deal would strengthen Anthropic’s position as one of the world’s leading AI developers.
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