The valuation of Anthropic has doubled to US$380 billion (A$535 billion) in just five months.
This is the value placed on the privately-owned artificial intelligence (AI) model developer by its latest funding round, in which it raised $30 billion.
The round was co-led by investors including D. E. Shaw Ventures, ICONIQ and MGX, the company said.
“The investment will fuel the frontier research, product development, and infrastructure expansions that have made Anthropic the market leader in enterprise AI and coding,” Anthropic said in a news release.
Chief Financial Officer Krishna Rao said the message from Anthropic’s customers, including entrepreneurs, start-ups or the world’s largest enterprises, was that its Claude artificial assistant was increasingly becoming more critical to how businesses worked.
“This fundraising reflects the incredible demand we are seeing from these customers, and we will use this investment to continue building the enterprise-grade products and models they have come to depend on,” Rao said.
Revenue has grown from zero to an annual run-rate of $14 billion in three years, with this figure growing tenfold in each of those years.
Anthropic is competing with ChatGPT developer OpenAI, which last year closed a round of more than $40 billion, and Alphabet Inc unit Google, which plans up to $185 billion of capital expenditure this year for its Gemini products.
Anthropic is backed by Alphabet and Amazon.
OpenAI is also engaged in fundraising talks with investors for a round that could close at around $100 billion, according to CNBC.
