The artificial intelligence (AI) research firm Anthropic has secured a $2.5 billion line of credit from a group of banking giants that includes JPMorgan Chase, Goldman Sachs, Morgan Stanley and Citibank.
Krishna Rao, Anthropic’s chief financial officer, announced the new loan on LinkedIn on Friday.
“This credit facility further strengthens our balance sheet and provides us with the flexibility to continue our exponential growth while maintaining our commitment to responsible AI development. The backing of these global financial institutions is a testament to the strength of our business and the resonance of our mission. We continue to be well-positioned to accelerate our research at the frontier of AI, expand our product capabilities, and deliver substantial value to our rapidly growing customer base.
Other banks participating in the five-year revolving credit facility include Barclays, Royal Bank of Canada and Mitsubishi UFJ Financial Group.
Anthropic is the developer behind the large language model Claude. In March, the firm raised $3.5 billion at a $61.5 billion post-money valuation in a Series E funding round.
Kate Jensen, Anthropic’s head of revenue, recently told CNBC that the firm has witnessed an 8x increase in the number of customers spending more than $100,000 annually compared to 2024.
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The post AI Firm Anthropic Secures $2,500,000,000 Line of Credit From JPMorgan Chase, Citibank, Goldman Sachs and Other Banking Giants appeared first on The Daily Hodl.
Original Author: Daily Hodl Staff
