Anthropic has reportedly doubled the target for its latest venture capital funding round from $10 billion to $20 billion, potentially giving the AI company a valuation of $350 billion, according to the Financial Times. The round is expected to close in the coming months, reflecting strong investor demand for the company’s AI products, including its Claude and Claude Code systems.
The increase in the funding target comes after Anthropic raised $13 billion in September 2025, valuing the company at $183 billion, and demonstrates the growing appetite among venture capitalists and sovereign wealth funds for AI startups with market-leading technologies. Sources cited by the FT said the round is expected to include Sequoia Capital, which also invests in rival OpenAI, Singapore’s sovereign wealth fund, and investment management firm Coatue.
Late last year, Anthropic retained legal counsel to prepare for a potential initial public offering, signaling that the company may seek public markets in 2026. The larger funding round is intended to accelerate research, expand AI capabilities, and maintain Anthropic’s competitive position in the rapidly growing generative AI sector.
