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Alternative Assets  + Latest News  + VC  | 
Google-Backed AI Startup Anthropic Raises $450M in Series C Funding

Google-Backed AI Startup Anthropic Raises $450M in Series C Funding

Anthropic, a San Francisco-based AI startup and rival to OpenAI, has raised $450 million in Series C funding led by Spark Capital, a venture capital firm that has backed companies like Twitter, Slack and Coinbase. The round also included investments from Google, Salesforce Ventures, Sound Ventures, Zoom Ventures and others.

Founded by siblings Dario and Daniela Amodei, former employees of OpenAI, in 2021, the new $450 million raise comes three months after Anthropic received $300 million from Google and gives the startup about $1.45 billion in total funding, second only to OpenAI, which has raised a total of over $11.3 billion to date. It takes the company’s valuation to $4 billion, according to PitchBook.

“We are thrilled that these leading investors and technology companies are supporting Anthropic’s mission: AI research and products that put safety at the frontier,” CEO Dario Amodei said.

Claude, the company’s flagship product, is based on Anthropic’s research into training helpful, honest and harmless AI systems. The company says Claude is designed to provide reliable AI services that can positively impact businesses and consumers now and in the future.

Yasmin Razavi, a general partner at Spark Capital who focuses on growth-stage software investments, has joined Anthropic’s board of directors

As investors actively look for new methods to capitalize on the generative AI trend, rival Inflection AI, a firm developing an AI-powered personal assistant, has garnered $225 million, while another Anthropic rival, Adept, has raised about $415 million.

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About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

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