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According to The Financial Times, Anthropic has raised its funding target from $10 billion to $20 billion, aiming for a valuation of $350 billion. The round is expected to close soon, primarily driven by strong investor demand, with supporters including Sequoia Capital, Singapore's sovereign wealth fund, and Coatue. Previously, the company completed a $13 billion funding round in September last year, with a valuation of $183 billion.