IPO-Bound Anthropic Is Reportedly Teaming Up With Blackstone, Goldman Sachs In $1.5B Joint Venture To Sell AI
The JV aims to push Anthropic services to private-equity backed companies, The Wall Street Journal reported, adding that the deal could be formally announced on Monday.
- Anthropic has been at the center of AI conversations among investors in recent months.
- Anthropic and the PE investors will invest a total of $1.5 billion in the joint venture.
- Retail traders are eying exposure to Anthropic via funds such as KraneShares Artificial Intelligence & Technology ETF (AGIX), Fundrise Innovation Fund (VCX), and ARK Venture Fund (ARKVX).
IPO-bound Anthropic is moving at a brisk pace.
After reporting that its annual revenue run-rate more than doubled in a few months, reports of investors lining up funding, and hype around its Mythos AI model, Anthropic is reportedly nearing a new joint venture with marquee investors aimed at increasing adoption of its AI tools.
The AI startup is forming the JV with Blackstone, Goldman Sachs and a handful of other Wall Street firms to sell AI tools to private-equity backed companies, The Wall Street Journal reported, citing people familiar with the matter. The deal could be announced on Monday, according to the report.
Anthropic, Blackstone and Hellman & Friedman are each expected to invest about $300 million, with Goldman Sachs adding roughly $150 million, alongside General Atlantic and others – bringing total commitments to around $1.5 billion.
The investors aim to create a company that acts as a consulting arm for Anthropic and helps teach businesses how to incorporate AI across their operations.
Anthropic has been at the center of AI conversations among investors in recent months. Its product launches have triggered selloffs in software stocks – while partnership news has sparked rallies – as investors, particularly retail traders, closely track developments ahead of its planned IPO later this year.
Several are already buying as the date nears, though funds such as KraneShares Artificial Intelligence & Technology ETF (AGIX), Fundrise Innovation Fund (VCX), ARK Venture Fund (ARKVX), and Destiny Tech100 (DXYZ). Stocktwits recently published an explainer about how retail investors can indirectly invest in the company.
One way to capture the potential upside is through investments in Alphabet and Amazon, which are major investors in Anthropic. Last week, Alphabet said it would invest another $40 billion in the company – Google’s stake could be worth easily over $100 billion when Anthropic goes public, according to Stocktwits calculation.
Last month, Anthropic said its annualized revenue rate had surged past $30 billion, more than tripling from $9 billion last year. Meanwhile, the government is reviewing its Mythos AI model, which reportedly has the capability to breach data encryptions.
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