Closely following the footsteps of rivals OpenAI and xAI, Anthropic is looking to raise even more funding after Amazon doubled its investment in the startup. In November, Anthropic secured a $4B investment from its long-time backer Amazon. As part of the negotiations, the startup named AWS as its primary cloud and training partner. Additionally, Anthropic is working closely with AWS's Annapurna Labs to optimize the performance of future generations of AWS's Trainium accelerator.

According to reporting by The Wall Street Journal, Anthropic is near to closing a $2 billion funding round, which would be led by Lightspeed Venture Partners. If successful, the funding round would boost Anthropic's valuation to $60 billion post-money, making it the fifth most valuable tech startup in the US, right behind SpaceX, OpenAI, Stripe and Databricks. Rival firm OpenAI attained a $157 billion valuation after its latest funding round this October, when it raised $6.6 billion in a round led by Thrive Capital. Shortly after securing the investment, OpenAI revealed it had also secured $4 billion revolving credit facility with JPMorgan Chase, Citi, Goldman Sachs, Morgan Stanley, Santander, Wells Fargo, SMBC, UBS, and HSBC.

Unlike some of its rivals, most notably OpenAI, Anthropic has endorsed comprehensive safety testing of its technologies to mitigate the potential for misuse or catastrophic harm. Also unlike OpenAI, Anthropic has struggled to appeal to everyday consumers, with much of its revenue coming from selling its technology to developers and businesses. According to people with knowledge of the matter, Anthropic's annualized revenue has recently hit the $875 million mark.