AI startup Anthropic is reportedly engaged in discussions to secure a substantial $750 million in a funding round, with Menlo Ventures spearheading the investment, according to a source familiar with the matter, as reported by Reuters on Wednesday.
The anticipated valuation for Anthropic before this funding round stands at an impressive $18.4 billion, signaling the company's rapid ascent in the tech industry.
Founded by former Microsoft-backed OpenAI executives Dario and Daniela Amodei, Anthropic is strategically aiming to gather the necessary resources and influential backers to establish itself as a formidable competitor in the AI sector, particularly against OpenAI.
Anthropic's Claude AI models have been seeking prominence in the AI landscape, rivalling OpenAI's GPT series.
The startup has already garnered investments from tech giants Google and Amazon.com. Both companies have recently shown interest in investing substantial amounts, up to $2 billion and $4 billion respectively, signaling confidence in Anthropic's vision and potential.
In a separate report last November, Reuters indicated that rival OpenAI's board had approached Anthropic CEO Dario Amodei regarding a potential leadership change and the prospect of merging the two AI startups, highlighting the competitive landscape in the industry.
Anthropic's pursuit of this significant funding round, led by Menlo Ventures, underscores its ambitions and growing significance in the evolving AI landscape.