American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Business

Anthropic valued at over $61 billion in latest funding round

by admin March 4, 2025
March 4, 2025
Anthropic valued at over $61 billion in latest funding round

All eyes are on Anthropic this morning as it closed a deal to raise $3.5 billion in fresh capital.

The latest funding round valued the OpenAI rival at a whopping $61.5 billion.

Anthropic’s new milestone underscores continued interest in artificial intelligence startups that many believe will shape the future of technology.

Notable names that participated in Anthropic’s latest round include Lightspeed Venture Partners, Cisco Investments, Salesforce Ventures, and Fidelity.

Note that Anthropic is a private company and its shares are not yet available for the public to trade.

How does Anthropic plan on using the new capital?

Anthropic is an Amazon-backed artificial intelligence startup that’s growing at an exceptional rate. Its annual run rate for revenue stood at about $1 billion in the final month of 2024.

But an explosive surge in the popularity of Claude (its advanced AI model) has pushed that number up by 30% year-to-date, as per a source that talked to Bloomberg on condition of anonymity today.

Anthropic plans on using the fresh capital to “expand its compute capacity, deepen its research in mechanistic interpretability and alignment, and accelerate its international expansion in Asia and Europe.”

All in all, the new money will help it “advance the development of next-gen AI system,” according to the company’s press release on Monday.

Anthropic has notable names as clients

Anthropic generates most of its sales from enterprise customers, which include a few notable names like Snowflake, Novo Nordisk, Pfizer, Zoom, and Thomson Reuters.

In its press release on Monday, the startup also confirmed that Amazon’s Alexa+ is now powered by its AI technology.

The deal is significant for Anthropic as it “brings Claude to millions of households and Prime members.”

Other than Amazon, peer Google is heavily invested in Anthropic as well. In January, the tech titan announced a new agreement of over $1 billion with the AI firm that included a sizable cloud contract as well.

Anthropic has so far not disclosed any plans of going public.

Why are AI startups attracting pompous valuations?

Experts believe the generative artificial intelligence market will continue to grow at a fast pace and hit a valuation of about $1 trillion within the next ten years.

The likes of Microsoft and Amazon are, therefore, investing aggressively in AI startups on top of working on their own technologies to strengthen their hold on that market.

Amazon remains a minority investor in Anthropic even though it has parked some $8 billion in it already. Microsoft, on the other hand, has invested a significantly higher $13 billion so far in rival, OpenAI.

Anthropic has been committed to improving its technology. It’s recently launched Claude 3.7 can “think” as long as the user wants before giving an answer.  

The post Anthropic valued at over $61 billion in latest funding round appeared first on Invezz

0
FacebookTwitterGoogle +Pinterest
previous post
SLV silver ETF rises, but a head and shoulders point to a crash
next post
Interview: ‘No one, not even us, can see what you are doing’ — NymVPN’s CSO ahead of launch

Related Posts

TCS Q3 preview: what analysts expect from the...

January 8, 2025

EVgo stock price is soaring: Can it hit...

May 25, 2025

Crypto bull run? Market cap soars to $3.2...

November 14, 2024

Elon Musk vs. Mukesh Ambani: Who will dominate...

October 24, 2024

Delta says the Olympics will cost it $100...

July 14, 2024

JPMorgan and Tesla settle legal battle over stock...

November 30, 2024

Netflix stock price has soared; a reversal cannot...

October 6, 2024

GE stock price forms giant megaphone pattern ahead...

April 18, 2025

Short RIVN: Rivian Automotive Q3 Miss, $874M Revenue...

November 19, 2024

Indian steel stocks rally after 12% safeguard duty...

April 22, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • Interview: Strategic location gives Brazil Potash cost advantage in domestic fertiliser market, says CEO Matt Simpson

      June 1, 2025
    • Canada’s Q1 GDP expands by 2.2%, driven by exports spike ahead of potential US tariffs

      June 1, 2025
    • President Trump to host farewell for Elon Musk as DOGE leader steps away

      June 1, 2025
    • UK’s digital banks face divergent fortunes: Starling stumbles, Monzo and Revolut soars

      June 1, 2025
    • Trump wants Apple to shift iPhone production from India to the US: here’s what it means

      May 18, 2025

    Categories

    • Business (3,022)
    • Investing (2,459)
    • Latest News (1,994)
    • Politics (1,530)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 americaninvesthub.com | All Rights Reserved