Anthropic gets multiple offers pegging valuation above $800 billion ahead reported October IPO plans

Anthropic is weighing new funding offers valuing it near $800 billion, eyes an IPO as early as October, reports rapid revenue growth and launches the security focused Mythos AI model

By CNBC-TV18

Anthropic PBC, the company at the centre-stage of the new wave of AI revolution, has received many proposals from investors for a new round of funding that could value the artificial intelligence business at roughly $800 billion or higher.

According to a Bloomberg Report, the Claude manufacturer has so far rejected these approaches.

The pre-money estimate of $350 billion that Anthropic attributed to its $30 billion fundraising in February would be more than doubled by the offers.

The report stated that talks between Anthropic and investors are still in their early stages and that a deal may not materialise or the specifics may change. Some parts of the discussions were previously published by Business Insider. Anthropic chose not to respond.

Anthropic has launched several AI solutions designed to revolutionise how companies manage everything from cybersecurity to coding. An increasing number of commercial clients are responding favourably to such products, which is boosting income and intensifying competition with rival OpenAI.

According to one of the people, Anthropic hasn't ruled out raising additional funds in the upcoming months, although it's unclear if it will raise at an $800 billion valuation or accept investor terms.

Additionally, Anthropic has talked about going public as early as October.

Anthropic's robust revenue growth has impressed investors, especially with wealthy industrial clients. The business announced earlier this month that its yearly run-rate revenue had reached $30 billion, a significant rise from $19 billion only a few months prior.

Following a dispute with the US Defence Department on the security of utilising its AI tools, Anthropic has gained notoriety. Additionally, the business recently introduced a new model called Mythos, which it claimed would be reckless to make freely available due to its ability to detect and exploit software vulnerabilities.

(Edited by : Juviraj Anchil )