On Wednesday, Claude AI developer Anthropic confirmed talks to raise $750 million in new investments led by Menlo Ventures, putting the valuation of the San Francisco-based company at around $18 billion once the funding round is completed.

The raise was first reported by The Information, and a source with direct knowledge of the investment confirmed to Decrypt that the $750 million funding target is correct—but clarified that the Anthropic valuation of $18.4 billion is pre-round. The previously reported $20-30 billion target valuation was only a rumor, the source said, and declined to disclose who else might be joining in on the raise.

The Anthropic news represents only the latest large investment interest in the OpenAI rival, which launched its Claude 2 AI chatbot to the public in July after an initial launch in March.

In September, Amazon invested $4 billion in Anthropic, followed by a $2 billion investment from Google, which was vastly upping its contribu

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Author: Jason Nelson

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