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Generative AI startup is reportedly in talks to raise $750 million in fresh capital in a deal that would value it upwards of $18 billion.

The San Francisco-based startup is in talks to raise funding in a -led deal, Wednesday, citing three sources familiar with the matter. The funding would value Anthropic at $15 billion premoney, the publication reported — more than triple its valuation earlier this year — and more than $18 billion in the final deal.

the funding talks Thursday, citing a person with direct knowledge of the matter. It said Anthropic’s new funding would come at a valuation of up to $18.4 billion.

While the deal would represent a huge valuation boost for Anthropic, the startup was previously aiming for a valuation of $20 billion to $30 billion, The Information . Anthropic has around 300 employees and was aiming for $200 million in annualized recurring revenue as of October, the publication has reported.

Anthropic has already raised $7.6 billion from investors including and , . Its largest raise this year was a deal with Amazon in September in which the e-commerce and cloud titan will invest up to $4 billion in exchange for a minority stake in Anthropic.

That reported deal was followed just a month later by another multibillion-dollar one. In October, it was that previous investor agreed to invest up to $2 billion in Anthropic, including $500 million upfront and an additional $1.5 billion more over time.

Anthropic’s main rival, , has raised some $11.3 billion from investors, primarily , .

The two companies are emblematic of the huge funding deals that have gone to artificial intelligence startups this year, after OpenAI’s tool, which launched in late 2022, sparked a frenzy of investor interest in backing a new generation of AI companies.

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• Eye On AI: Big Tech Continues To Invest In AI Startups, But For How Long?
• AI Race Gets Hotter As Amazon To Invest Up To $4B In Startup Anthropic 

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