Anthropic aims to secure $750 million in a funding round spearheaded by Menlo Ventures
Anthropic, co-founded by siblings Dario and Daniela Amodei, former executives at Microsoft-backed rival OpenAI, is actively seeking the resources and support from well-funded backers to establish itself as a formidable competitor to OpenAI and emerge as a technology sector leader.
Artificial intelligence (AI) startup Anthropic is in discussions to raise $750 million in a funding round led by Menlo Ventures, a source with direct knowledge of the matter told Reuters on Wednesday.
The startup’s valuation before the funding round comes to $18.4 billion, the source added.
Anthropic, co-founded by siblings and former executives at Microsoft-backed rival OpenAI Dario and Daniela Amodei, has shown efforts to secure the resources and deep-pocketed backers needed to compete with OpenAI and be leaders in the technology sector.
The Information first reported about the funding round earlier on Wednesday.
Its Claude AI models have vied for prominence with OpenAI’s GPT series.
The company has already secured investments from Google and Amazon.com, with commitments to invest up to $2 billion and $4 billion, respectively, in the past few months.
In November, Reuters reported that the board of directors at rival OpenAI had approached Anthropic CEO Dario Amodei about the possibility of replacing Chief Sam Altman and exploring a potential merger between the two AI startups, according to sources familiar with the matter.
