Anthropic, which makes the AI chatbot Claude, is finalizing a $3.5 billion fundraising round that values the company at $61.5 billion, according to The Wall Street Journal. Anthropic initially set out to raise $2 billion, but investors have now agreed to a larger tranche, per the WSJ.

Company behind Claude chatbot is valued at $61.5 billion after overcoming investor fears sparked by the success of China’s DeepSeek.

AI startup Anthropic is seeking $3.5 billion in a funding round that would value it at $61.5 billion, two sources familiar with the matter told Reuters on Monday. The startup behind the Claude chatbot could receive backing from venture firms Lightspeed Venture Partners,