Anthropic’s More Than $20 Billion Funding to Close as Soon as Next Week

Anthropic PBC is ironing out the final details on a funding round likely to raise more than $20 billion and slated to close as soon as next week, according to people familiar with the matter.

The OpenAI rival was initially seeking $10 billion but is now on track to raise more than double that amount at a $350 billion valuation, thanks in part to excess investor interest, said the people, who asked not to be identified because the details are private.