Anthropic to Close Up to $20B Financing by March 07, 2026 at $350B Valuation

Anthropic PBC (ANTH.PVT) is finalizing a funding round expected to raise more than $20 billion, with a deal likely to close as early as March 7, 2026. The round would value the company at $350 billion, up from an initial $10 billion target, driven by strong investor interest and a revenue run rate exceeding $9 billion. Participating investors include Coatue Management, Singapore’s GIC, Iconiq Capital, and strategic backers Nvidia Corp. and Microsoft Corp., with commitments north of $1 billion each from some leads and as much as $15 billion from Nvidia and Microsoft. Altimeter Capital Management and Sequoia Capital are also expected to join, as are Lightspeed Venture Partners and Menlo Ventures. The funding coincides with Anthropic’s IPO plans and follows a recent enterprise AI model release that outperformed coding agents, signaling continued momentum in the AI tools space despite rising data center, chip, and talent costs.