Monday, May 29, 2023 | 07:23 am

AI Company Anthropic Reportedly Raising $300 Million More at a Valuation of $4.1 Billion

AI Company Anthropic Reportedly Raising $300 Million More at a Valuation of $4.1 Billion

Just weeks after raising hundreds of millions of dollars from Google, San Francisco-based AI startup and rival to ChatGPT, Anthropic, is raising another $300 million round at a pre-investment valuation of $4.1 billion.

Spark Capital is reportedly leading the round.

Just last month it was reported Google had invested between $300 million and $400 million in the startup. The Financial Times reported the deal gave Google a 10% stake in the company, and came just two weeks after news broke of Microsoft’s massive $10 billion investment into OpenAI.

Anthropic’s AI chatbot, Claude, is in closed beta mode, but in a paper detailing its goals, it is expected to combat harmful prompts by explaining why they are dangerous or misguided.

Before the massive fundraising this year, Anthropic — which has reportedly made limited revenue — had raised $704 million across Series A and Series B funding rounds in 2022, according to Crunchbase data.

The Series B was led by disgraced FTX founder Sam Bankman-Fried.

AI craze

The new funding further illustrates investors’ insatiable appetite for all things AI. This week alone has seen hundreds of millions of investment dollars dedicated to AI startups.

On Tuesday Salesforce’s venture arm — Salesforce Ventures — launched a new $250 million generative AI fund that will look at promising generative AI startups. The firm announced at TrailblazerDX it will initially invest in four AI companies — Anthropic, Cohere, Hearth.AI and You.com.

That same day, New York-based conversation AI startup Amelia raised a $175 million investment ​​led by BuildGroup and Monroe Capital.

New York-based Humane, which plans to launch a product that incorporates artificial intelligence into a consumer device and partners with OpenAI, raised $100 million.