While summer may be starting to wane, investors’ appetite for all things AI is not.
As part of the deal, the San Francisco-based AI startup will build a large language model customized for telcos.
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Finally in May, the company raised a $450 million Series C led by Spark Capital with participation from Google, Salesforce Ventures1, Sound Ventures, Zoom Ventures and others. Anthropic did not release a valuation, but the round came after reports it was raising a round at a pre-investment valuation of $4.1 billion.
The big round comes after other reports late last week that Modular, an AI software developer that allows users to train machine-learning models on a variety of chips, is in talks with General Catalyst and others to raise a Series A at a $600 million valuation.
The new rounds — both announced and reported — add to an impressive collection of huge raises by AI startups already this year as investors fear being left behind on the game-changing AI trend.
Illustration: Dom Guzman
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