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Support functions including risk management and regulatory compliance set to shrink as more tasks are automated, said CEO Bill Winters.

Elliptic screens over 1 billion crypto transactions weekly for more than 700 customers.

The company said it will use the money to expand its permissioned and permissionless infrastructure.

The office will place Anthropic near other AI firms in the area, including OpenAI, Google DeepMind, Meta, Synthesia, and Wayve.

The company said it currently has about 200 employees in the UK capital and would make London its largest research hub outside the US.

The firm reported over US$330 million in annual recurring revenue in 2025 and aims to double that this year.

This move follows Waymo, which began driverless taxi tests in London earlier this month.

Co-founders Tamar Gomez and Wiem Gharbi previously worked at Palantir.

Model ML will use the new funds to expand its teams in San Francisco, New York, London, and Hong Kong, and to hire more AI engineers.

Owner Leonid Radvinsky received US$497 million in dividends in 2024 and US$204 million through April 2025, according to filings.