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, a rival with its AI assistant Claude, is nearing the close of a new $5 billion funding round that would value it at a staggering $170 billion, per .

is believed to be leading the round, with a potential investment of about $1 billion. Anthropic has also reportedly been in discussions with the and Singapore’s sovereign fund about participating in the round alongside potentially existing backer .

San Francisco-based Anthropic was last valued at $61.5 billion when it raised $3.5 billion in March, compared to an $18.5 billion valuation in February 2024. So in fewer than 18 months, Anthropic will have increased its valuation by 9x.

The latest round would value Anthropic at more than ’s , which was estimated to be after merging with social media platform .

However, the new round values Anthropic well behind , which in late March d led by at a $300 billion valuation.

Overall, Anthropic will have secured $25.7 billion in funding, including debt financing, since its January 2021 inception, per ¸½½üÉÏÃÅ data. Other existing backers include ,,, and .

It’s been a busy week for Iconiq Capital, which is also believed to be leading a $200 million round at a valuation of more than $4.5 billion into San Francisco-based , an affordable luxury brand online retailer.

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Related reading:

• Anthropic Nears Closing Of $3.5B Funding At $61.5B Valuation — Report
• Quince, A Bright Spot In Struggling D2C Fashion Space, More Than Doubles Valuation To $4.5B With Second Raise In 6 Months

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