Jan 7 (Reuters) - AI startup Anthropic is near a deal to
raise an additional $2 billion at a price that values the
company at $60 billion, sources said, months after its $4
billion funding from Amazon ( AMZN ).
Venture capital firm Lightspeed Venture Partners is leading
the funding round, according to the sources, who requested
anonymity to discuss private matters.
The new funding, $6 billion in total, will mark a jump in
valuation for Anthropic, a major competitor of OpenAI in the
foundation model space. Anthropic was valued at around $18
billion in a fundraise led by Menlo Ventures last year.
Anthropic declined to comment. The Wall Street Journal first
reported the funding on Tuesday.
Amazon ( AMZN ) late last year doubled its investment in the startup
to $8 billion, as the e-commerce giant went up against Big Tech
rivals in a race to capitalize on generative AI technology. The
latest $4 billion issued to Amazon ( AMZN ) in convertible notes will be
converted into equity through this round.
Anthropic, whose annualized revenue hit about $875 million,
sells access to its models directly and through third-party
cloud services including Amazon Web Services. The large language
models development requires expensive computing, as well as top
talents.
Co-founded by former OpenAI executives and siblings Dario
and Daniela Amodei, San Francisco-based Anthropic also received
$2 billion investment from Alphabet in 2023.
Microsoft ( MSFT )-backed OpenAI triggered an AI arms race
after it launched ChatGPT in November 2022. The growing
popularity of the company and new product launches helped it
close a $6.6 billion funding round in October, potentially
taking its valuation to $157 billion.
With outsized funding rounds by companies such as Anthropic
and xAI, AI startups have accounted for nearly half of the
venture capital dollar raised in the U.S. last year, according
to PitchBook data.
(Reporting by Anna Tong in San Francisco, Krystal Hu in New
York, Akash Sriram in Bengaluru and Juby Babu in Mexico City;
Editing by Devika Syamnath, Alan Barona and Lincoln Feast.)