Anthropic moves to raise $50 billion in final private round ahead of anticipated IPO
The deal, expected to close in two weeks, would value the company at roughly $900 billion, though some early backers are holding out for an exit via public listing later this year.
Sources familiar with the matter indicate that Anthropic is actively requesting investor allocations for a new fundraising round within the next 48 hours. The process is expected to conclude within two weeks, marking what is likely the company's final private funding phase before an initial public offering later this year.
The round is estimated at approximately $50 billion, a figure that would value the artificial intelligence firm at roughly $900 billion. Given the reported soaring demand from investors seeking a stake in the company, sources suggest the final valuation could potentially exceed this target. If successful, the deal would see Anthropic surpass its chief rival, OpenAI, which recently closed a record-breaking $122 billion round at an $852 billion post-money valuation earlier this year.
Despite the intense interest, some early backers, particularly those who invested in 2024 or earlier, are declining to participate in this specific round. These investors appear to be holding out to potentially cash out during the anticipated initial public offering later this year, rather than committing capital at this stage.
Anthropic is raising the capital to fund its massive computing infrastructure needs. The company previously announced this month that its annual revenue run rate had surpassed $30 billion, but sources with knowledge of the firm's financials report the figure is currently closer to $40 billion. This significant jump in revenue underpins the aggressive valuation targets being pursued in this latest capital raise.
The deal represents a massive escalation from the company's previous private funding round, which closed in February at a $380 billion valuation. At $900 billion, the company would more than double its prior valuation, reflecting the rapid growth and market confidence placed in its technology stack.
While the specifics of the final valuation remain subject to investor demand, the window for participation is narrowing. The company is moving quickly to secure the necessary funds, with the deal expected to close within the fortnight.
