AI start-up Anthropic is preparing to raise between $3 billion and $5 billion in a new round led by Iconiq Capital, Bloomberg reported on July 29. The deal will value the company at $170 billion.
The valuation marks a sharp rise, nearly tripling in four months, and positions Anthropic alongside major private technology companies like OpenAI, worth $300 billion, ByteDance at $312 billion, and SpaceX at $400 billion.
Sources say Iconiq is considering investing $1 billion into the company. Just days earlier, reports indicated Anthropic was also in talks with large Middle Eastern investors, including the UAE state fund MGX.
Iconiq, headquartered in San Francisco, has more than $80 billion under management and holds investments in Airbnb, GoFundMe, Databricks, Monzo, Uber, and Zoom.
In March, Anthropic closed a $3.5 billion Series E funding round that raised its valuation to $61.5 billion. The start-up also counts Google and Amazon among its key backers, with Google investing over $1 billion and Amazon putting in $8 billion.
The company, founded four years ago, opened its first European office in Dublin last year. In May, it released its Claude 4 models, declaring Claude Opus 4 the most advanced coding model in existence.
