Anthropic was valued at $18 billion last year
Anthropic, the AI startup known for its chatbot Claude and commitment to safety in AI, is reportedly in advanced talks to raise $2 billion at a $60 billion valuation led by Lightspeed Venture Partners. This would position Anthropic as the fifth-most valuable U.S. startup, behind OpenAI, SpaceX, Stripe, and Databricks. The funding frenzy highlights investor enthusiasm despite the high costs and intense competition in generative AI. Anthropic’s partnerships with Amazon and Google have been instrumental, with Amazon committing $8 billion since 2023, much of it through a convertible note structure. With $875 million in annualized revenue, Anthropic lags behind OpenAI’s $3.7 billion but is making strides in business sales.
My Take
This funding wave signals that investors prioritize potential over profitability in the AI arms race. For startups, aligning with strategic partners like Anthropic’s partnerships with Amazon and Google is the key to scaling quickly.
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Credit: WSJ
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