In BriefPosted:3:48 PM PST February 24, 2025Image Credits:AnthropicAnthropic reportedly ups its next funding round to $3.5BAnthropics next funding round is reportedly growing larger.Anthropic, which makes the AI chatbot Claude, is finalizing a $3.5 billion fundraising round that values the company at $61.5 billion, according to The Wall Street Journal. Anthropic initially set out to raise $2 billion, but investors have now agreed to a larger tranche, per the WSJ.Lightspeed Venture Partners, General Catalyst, Bessemer Venture Partners, and Abu Dhabi-based investment firm MGX are said to be in talks to participate in the coming round. Should it top out at $3.5 billion, itd bring Anthropics total raised to around $18 billion.Anthropic, which this week released a new flagship AI model, Claude 3.7 Sonnet, recently hit about $1.2 billion in annualized revenue, according to the WSJ. But its still losing money. The company intends to put the proceeds from its next round toward developing more capable AI technologies.Topics