Anthropic has concluded a $300 billion funding round, resulting in a post-money valuation of $3.8 trillion. This transaction significantly strengthens the artificial intelligence (AI) company as it makes progress in its competition with rival OpenAI.

Anthropic stated on Thursday that the funding round was led by Singapore's GIC and Coatue Management. Co-lead investors included D.E. Shaw & Co., Dragoneer Investment Group, Peter Thiel's Founders Fund, Iconiq, and MGX. Other participants featured renowned investment firms such as Sequoia Capital and Lightspeed Venture Partners, alongside technology giants including NVIDIA and Microsoft.

This financing round has roughly doubled Anthropic's valuation compared to its previous level, positioning the company as one of the world's most highly valued private enterprises. Just months ago, the startup completed a $130 billion fundraising effort. Concurrently, OpenAI is seeking to raise up to $1 trillion. This series of activities underscores the intense competition among investors to back leading AI firms.

Anthropic also confirmed plans to allow its employees to sell company shares at the same valuation established in this latest funding round.

Founded in 2021, Anthropic is positioned as a company focused on the development of safe and responsible technology. It concentrates on the lucrative enterprise sales sector, encompassing industries such as software engineering, finance, and healthcare. In recent months, its annualized revenue has surged significantly, surpassing $90 billion last year. On Thursday, the company announced that this metric has now risen to $140 billion.

Microsoft and NVIDIA had previously indicated plans to invest a combined total of up to $150 billion in Anthropic; the startup noted that it has allocated a "portion" of these committed funds to the current financing round. Microsoft is also one of the largest supporters of OpenAI, while NVIDIA is anticipated to invest $200 billion in OpenAI's upcoming fundraising initiative.