TL;DR
The Wall Street Journal reports Anthropic is negotiating a $10 billion raise that would value the company at about $350 billion. The round, reportedly led by Coatue and Singapore’s GIC, would follow two large financings across 2025 and be separate from a recent Nvidia–Microsoft compute arrangement.
What happened
According to reporting by The Wall Street Journal, Anthropic is in discussions to obtain roughly $10 billion of new capital at an implied valuation near $350 billion. Sources cited by the WSJ say Coatue Management and Singapore’s sovereign wealth fund GIC are expected to lead the deal, which could close in the coming weeks and whose total size might change before completion. If it proceeds as reported, this would be Anthropic’s third very large financing in about a year: the company raised $3.5 billion in March at a $61.5 billion valuation and later secured some $13 billion in a Series F roughly three months ago at about $183 billion. The reported fundraising is described as separate from a $15 billion commitment from Nvidia and Microsoft, a structure tied to Anthropic purchasing about $30 billion of cloud compute on Microsoft Azure powered by Nvidia chips. TechCrunch has reached out to Anthropic for comment.
Why it matters
- A reported valuation jump to $350 billion reflects rapid re-rating of some AI startups and intensifying investor interest in foundation model makers.
- If completed, another large infusion would further concentrate capital in a small set of leading AI firms and could influence competitive dynamics with rivals such as OpenAI (named as a main competitor in reporting).
- The financing is reportedly distinct from the Nvidia–Microsoft compute arrangement, underscoring ongoing strategic financing and commercial-deal layering in the AI infrastructure market.
- High-profile backers like Coatue and GIC participating would signal continued institutional appetite for large-scale AI investments and may affect expectations for any future public offering.
Key facts
- Report: The Wall Street Journal says Anthropic is in talks to raise approximately $10 billion at a $350 billion valuation.
- Lead investors: WSJ sources identified Coatue Management and Singapore’s GIC as expected leaders of the round.
- Timeline: The round is reported to be expected to close in the coming weeks; the total amount could change prior to closing.
- Prior financings: Anthropic raised $3.5 billion in March at a $61.5 billion valuation and later took a $13 billion Series F at about $183 billion three months ago.
- Third mega-round: If completed, this would be Anthropic’s third very large raise within roughly a year.
- Separate deal: The new round would be distinct from a recent $15 billion commitment involving Nvidia and Microsoft tied to Anthropic buying an estimated $30 billion of Azure compute running on Nvidia chips.
- Product note: The company has been promoting Claude Code, a coding assistant powered by Claude Opus 4.5, in recent product efforts.
- IPO plans: Reporting says Anthropic is preparing for a potential initial public offering this year; plans are described as potential, not finalized.
- Rival activity: The WSJ report noted OpenAI is in separate talks to raise as much as $100 billion at a $750 billion valuation.
What to watch next
- Whether the reported $10 billion round closes on the timeline WSJ sources cited (expected in the coming weeks).
- Final size and terms of the financing, since reporting indicates the total could change before closing.
- The likelihood and timing of an Anthropic IPO this year (reporting characterizes plans as potential, not confirmed in the source).
- Specific uses for any newly raised capital and any additional strategic arrangements with cloud providers or chip firms (not confirmed in the source).
Quick glossary
- Valuation: An estimated monetary worth assigned to a company, often used by investors to price financing rounds and measure market value.
- Series F: A late-stage venture financing round; labels (Series A, B, C, etc.) indicate sequential funding events but carry no fixed financial size.
- Sovereign wealth fund: A state-owned investment vehicle that manages national assets and invests on behalf of a government; GIC is Singapore’s fund referenced in reporting.
- Compute capacity: The computational resources—such as CPUs, GPUs, memory, and networking—needed to run software and machine-learning workloads, often provisioned in the cloud.
- Initial public offering (IPO): The first sale of a company’s shares to the public, transitioning from private ownership to a publicly traded company.
Reader FAQ
Has Anthropic confirmed the $10 billion raise?
The report cites The Wall Street Journal; TechCrunch has reached out to Anthropic for comment but the source does not record a company confirmation.
Who is said to be leading the new round?
Sources cited by the WSJ indicated Coatue Management and Singapore’s GIC are expected to lead the financing.
Is this financing the same as the Nvidia–Microsoft deal?
No. Reporting specifies the round would be separate from a $15 billion Nvidia–Microsoft commitment tied to Anthropic buying about $30 billion of Azure compute.
Will Anthropic go public this year?
The company is reported to be preparing for a potential IPO within the year, but an actual offering is not confirmed in the source.
IN BRIEF Posted: 10:36 AM PST · January 7, 2026 IMAGE CREDITS: GETTY IMAGES Rebecca Bellan Anthropic reportedly raising $10B at $350B valuation Anthropic is gearing up to raise a…
Sources
- Anthropic reportedly raising $10B at $350B valuation
- Anthropic Raising $10 Billion at $350 Billion Value
- Anthropic raises $13B Series F
- Top Pre-IPO Companies & Stock List | The Power 20
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