AI start-up Anthropic has raised $3.5bn, tripling its valuation to over $60bn, in a funding round led by Lightspeed Venture Partners. The funds will support computing resources, international expansion, and new model development.
Anthropic, founded by former OpenAI employees, focuses on AI model safety and has launched its most advanced model, Claude 3.7 Sonnet. Investors include Cisco, Fidelity, and Salesforce Ventures. Backed by Amazon and Google, Anthropic competes with OpenAI, Google, and Meta.
The funding round’s success highlights ongoing investor confidence in AI despite rising competition and concerns about commoditisation of the technology.