Artificial intelligence company Anthropic is preparing for a new funding round aiming to raise $100 billion at a valuation of $3.5 trillion, according to reports. Separate sources with knowledge of the matter have confirmed both the fundraising target and the valuation figure.

The developer of the Claude chatbot had just completed a $130 billion Series F funding round three months ago, which valued the company at $1.83 trillion. Should this new financing be secured, the company's valuation would nearly double. Earlier in March, Anthropic had also completed a $35 billion funding round at a valuation of $615 billion.

Sources indicate that this funding round will be co-led by venture capital firm Coatue and Singapore's sovereign wealth fund, GIC. Anthropic is anticipated to finalize this latest round of financing within the coming weeks, although the final amount raised remains subject to potential changes.

It is important to note that this fundraising effort is a separate transaction from the recent $150 billion investment commitment made by Nvidia and Microsoft. In the latter "syndicated transaction," Anthropic will procure $300 billion worth of computing services from the Microsoft Azure cloud platform, and these computing resources will be powered by Nvidia's chips.

Anthropic's pursuit of new capital comes as it continues to gain favor among developers with its coding tool, Claude Code. This tool, driven by the Claude Opus 4.5 large language model, automates code writing. Concurrently, Anthropic is also preparing for a potential Initial Public Offering (IPO) later this year, mirroring the plans of its main competitor, OpenAI. It is reported that OpenAI is also in talks for a funding round that could reach up to $1 trillion, with a valuation potentially as high as $8.3 trillion.

Anthropic declined to comment on the matter.