Anthropic Gets Ready for Startup M&A
In recent weeks, Anthropic has told investment bankers it seeks to do more acquisitions, The Information reported Wednesday. The Claude developer is interested in potential M&A opportunities that could enhance its artificial intelligence models and products as well as the technology underlying them.
Potential M&A targets could help Anthropic expand its capabilities beyond coding-related tasks, which makes up the majority of the company’s revenue. It could also use acquisitions to develop products in other industries, such as financial services, healthcare and cybersecurity.
The company has also expanded its corporate development team, which reports to Chief Financial Officer Krishna Rao and is made up of former bankers and venture capitalists. Former SoftBank Vision Fund partner Andrew Zloto leads the corporate development team, which also includes former Morgan Stanley and Qatalyst Partners bankers Vu Bui, James Black, and Bryan Seethor.