Anthropic is poised to join the ranks of the world’s most valuable private technology firms with its latest funding round. According to Bloomberg on July 29, the artificial intelligence start-up plans to raise up to $5 billion in a deal led by Iconiq Capital, valuing the company at $170 billion.
The valuation marks a nearly threefold increase in just four months, putting Anthropic alongside major global players such as OpenAI, currently valued at $300 billion, ByteDance at $312 billion, and SpaceX at about $400 billion.
Sources indicated the funding round will generate between $3 billion and $5 billion, with Iconiq in talks to invest $1 billion directly. This comes shortly after reports that Anthropic was exploring potential investments from Middle Eastern funds, including the United Arab Emirates’ MGX.
Iconiq Capital, headquartered in San Francisco, oversees more than $80 billion in assets. Its diverse portfolio features high-profile names such as Airbnb, GoFundMe, Databricks, UK online bank Monzo, Uber, and Zoom.
In March, Anthropic raised $3.5 billion in a Series E round, which boosted its valuation to $61.5 billion. The company has also secured significant backing from Google, which has invested over $1 billion, and Amazon, which has contributed $8 billion.
Anthropic, founded four years ago, expanded into Europe last year by opening its first office in Dublin. In May, it launched its Claude 4 suite of AI models, declaring Claude Opus 4 to be the “best coding model in the world.”
