Anthropic Plans to Raise $10B at $350B Valuation
Anthropic, the developer of the chatbot Claude, is planning to raise $10B at a valuation of $350B before the new investment. Meanwhile, LMArena, the community platform aiming at redefining how the world measures the progress of AI, announced it has raised $150M in new funding, achieving a post-money valuation of $1.7B.This week's private company news:Anthropic, the developer of the chatbot Claude, plans to raise $10B at a valuation of $350B before the new investment, people familiar with the matter told the The Wall Street Journal's Kate Clark. GIC, Singapore's sovereign-wealth fund, and Coatue Management plan to lead the new financing, which follows a $13B investment in September that valued the company at $183B, says the, which adds that the funding round is expected to close in the coming weeks.AI startup xAI, founded by TeslaCEO Elon Musk, is rapidly burning cash, with losses increasing as it spends to build data centers, recruit staff, and develop software meant to power humanoid robots, Bloomberg's Carmen Arroyo, citing internal documents. The startup reported a net loss of $1.46B for the September quarter, up from $1B in Q1, with cash burn of $7.8B in the first nine months of the year, the author notes.The media startup Semafor has raised $30M in new financing that values the company at $330M after its first profitable year, The Wall Street Journal's Isabella Simonetti. The roughly three-year-old startup, which counts KKRco-founder Henry Kravis, David Rubenstein of Carlyle Groupand Penny Pritzker's PSP Partners among its backers, aims to hire more journalists and expand its live-events business. This is the company's first priced round and valuation, the author notes.Some of the biggest capital raises by private companies this week include:Cyera– The AI and data security company announced a $400M Series F funding round, led by funds management by Blackstonewith participation of all inside investors including Accel, Coatue, Cyberstarts, Georgian, Greenoaks, Lightspeed Venture Partners, Redpoint, Sapphire, Sequoia Capital, and Spark. Publicly traded companies in the space include Crowdstrike, Palo Alto Networks, and Zscaler.LMArena- The community platform aiming at redefining how the world measures the progress of AI announced it has raised $150M in new funding, achieving a post-money valuation of $1.7B, nearly triple the valuation following its seed round in May 2025. Funding was led by Felicis and UC Investments, with participation from Andreessen Horowitz, The House Fund, LDVP, Kleiner Perkins, Lightspeed Venture Partners and Laude Ventures. Publicly traded companies in the space include Nvidia, Microsoft, and Alphabet.Roc360– The vertically integrated real estate lending and investment management platform announced that it has secured an additional $150M investment from Temasek, into the Roc360 Real Estate Income Trust, an investment vehicle focused on U.S. residential transition loans for home renovations. Publicly traded companies in the space include Finance of America, Ready Capital, and Arbor Realty Trust.Rakuten Medical– The global biotechnology company closed a $100M Series F financing round, including $70M in new capital and the conversion of $30M in convertible promissory notes with accrued interest. Publicly traded companies in the space include Amgen, Merck, and Bristol Myers.Cambium– The advanced materials for defense, aerospace and other high-performance sectors company announced a $100M Series B financing led by 8VC. Publicly traded companies in the space include Ubiquiti, Arista Networks, and Extreme Networks.Unicorns to watch this week:Thinking Machines Lab– The AI foundation model startup founded by Mira Murati, former CTO at OpenAI, raised recently a seed round of about $2B, valuing it at around $10B. Publicly traded companies in the space include Alphabet, Microsoft, and Nvidia.Abridge– The AI-powered medical note-taking startup is valued above $5B after recent funding. Publicly traded companies in the space include Veradigm, NextGen Healthcare, and Teladoc.Colossal Biosciences– The biotech "de-extinction" continues to attract major investor attention in the synthetic-biology space. Publicly traded companies in the space include Ginkgo Bioworksand Twist Bioscience.Anysphere– The infrastructure tools for Native AI company is listed among the new $5B-plus ultra-unicorns in broader market coverage. Publicly traded companies in the space include Microsoft, Alphabet, and CoreWeave.Glean– The AI enterprise search company has recently joined the $5B-plus ultra-unicorn club. Publicly traded companies in the space include Elastic, Alphabet, and Microsoft.IPOs to watch:Discord– The online chat platform Discord has filed confidentially for an IPO, Bloomberg's Caroline Hyde and Bailey Lipschultz reported, citing people familiar with the matter.Grayscale Investments– The company filed a prospectus for an initial public offering on the New York Stock Exchange under the ticker symbol "GRAY." Grayscale says it is the largest digital asset-focused investment platform in the world, with $35B in assets under management as of September 30.Klook Technology– The company, which identifies itself as "the largest pan-regional experiences platform in Asia-Pacific" by gross transaction volume in 2024, announced that it has filed a registration statement on Form F-1 with the U.S. Securities and Exchange Commission relating to the proposed initial public offering of American Depositary Shares representing its ordinary shares.Speed Group– The company filed a prospectus for 2.5M share initial public offering. It expects the IPO price to be in the range of $4.00 to $5.00 per. The company's operating subsidiary, Speed Logistics, is an e-commerce logistics provider providing end-to-end logistics solution in Hong Kong, Europe and North America. The services include warehousing, customs clearance, air transportation, and final delivery from the European airports.Lendbuzz– The company is offering an undetermined number of shares of its common stock and the selling stockholders identified in this prospectus are offering additional shares of common stock, according to an initial public offering prospectus filed with the SEC."Private Markets" is The Fly's recurring series of stories on the latest moves in the private sector, largest unicorn companies and initial public offerings to watch. Fly subscribers, add $PRIVATE to your portfolio for alerts on breaking news in the startup and venture capital space.
