Anthropic Raises $3.5 Billion for AI Expansion

San Francisco-based AI platform developer Anthropic successfully raised $3.5 billion in a Series E funding round, achieving a post-money valuation of $61.5 billion. This round was led by Lightspeed Venture Partners, with additional investments from notable firms including Bessemer Venture Partners, Cisco Investments, and Fidelity Management. Orrick advised Anthropic, leveraging a longstanding relationship to navigate the complexities of the investment. The significant funds are earmarked for advancing next-gen AI systems, boosting compute capacity, improving mechanistic interpretability, ensuring alignment of AI models, and facilitating the company's international expansion. This strategic move and impressive fundraise have attracted attention from major financial and tech media outlets.