Sources: Anthropic potential $900B+ valuation round could happen within 2 weeks

Anthropic Pushes to Close Megaround at $900B+ Valuation

Anthropic is moving quickly to finalize its latest funding round, asking investors to submit allocations within the next 48 hours, according to sources familiar with the discussions. The round is expected to close within two weeks, targeting a valuation of approximately $900 billion. Given the intense investor demand, sources suggest the final figure could well exceed that target, solidifying the company's position as a top-tier player in the artificial intelligence sector and signaling what is likely its last private fundraising effort before a planned public offering.

The Financial Details

The new capital, reported to be around $50 billion, is earmarked to fund Anthropic's massive and growing computing requirements. This raise represents a significant jump from its last round in February, which valued the company at $380 billion. Interestingly, some early backers are reportedly sitting this round out, opting instead to wait for the anticipated IPO later this year to potentially cash out. The company's financial footing appears strong, with an announced annual revenue run rate surpassing $30 billion, though sources with knowledge of its financials indicate the figure is closer to $40 billion.

• Target Valuation: ~$900 billion+
• Previous Valuation (February): $380 billion
• Reported ARR: Over $30 billion (sources suggest closer to $40 billion)
• Rival Valuation (OpenAI): $852 billion post-money

Impact on the AI Ecosystem

A successful close at or above $900 billion would place Anthropic's valuation ahead of its chief rival, OpenAI, which recently closed a round at an $852 billion valuation. This capital arms race highlights the extraordinary cost of building and scaling frontier AI models, effectively consolidating market power among a few heavily-funded labs. This pre-IPO round solidifies Anthropic's war chest, preparing it for a direct confrontation with competitors in both the enterprise market and the public exchanges.

Anthropic's aggressive pre-IPO valuation push isn't just about capital; it's a strategic move to lock in computational resources and establish market dominance over OpenAI before facing the scrutiny of public markets.