Anthropic signs term sheet for $10 billion at $350 billion valuation

Anthropic has signed a term sheet for a $10 billion funding round at a $350 billion valuation, and Coatue and Singapore’s sovereign wealth fund GIC are reported to be leading the financing.

Anthropic has signed a term sheet for a $10 billion funding round at a $350 billion valuation, according to CNBC. Reports say Coatue and Singapore’s sovereign wealth fund GIC are leading the financing. The Wall Street Journal was first to report the funding round. A representative for Anthropic declined to comment. Key details: - Anthropic signed a term sheet for a $10 billion funding round at a $350 billion valuation, as reported by CNBC. - Coatue and Singapore’s sovereign wealth fund GIC are reported to be leading the financing, per a source who asked not to be named. - The Wall Street Journal was first to report the funding round. - A representative for Anthropic declined to comment on the report. Summary: The reported term sheet reflects a large private financing development for Anthropic and shows interest from significant investors. Undetermined at this time.