Anthropic Raises $3.5 Billion to Advance AI Development and Expand Compute Capacity
1 minute read | March.03.2025
- San Francisco-based Anthropic, a leading developer of AI platforms, has raised $3.5 billion at a $61.5 billion post-money valuation.
- The Series E round was led by Lightspeed Venture Partners, with participation from Bessemer Venture Partners, Cisco Investments, D1 Capital Partners, Fidelity Management & Research Company, General Catalyst, Jane Street, Menlo Ventures and Salesforce Ventures, among other new and existing investors.
- Orrick advised Anthropic on the deal. Our team has advised Anthropic since its inception and on all of its previous investments.
- In announcing the deal, Anthropic said the investment will “advance its development of next-generation AI systems,” expand its compute capacity, deepen its research in mechanistic interpretability and alignment, and accelerate its international expansion.
- The New York Times, CNBC, Financial Times, Bloomberg and other media outlets reported on this latest investment.
- The Orrick team was led by partners Laura Barr and Stephen Venuto, and includes Jay Schau, Andrew Miller, Sabrina Benyammi, Michelle Dold, Kristin Petersen, Amy Ray and paralegal Sheila Maguire.