Anthropic poised to raise $50 billion at $900 billion valuation ahead of May board decision
With annual revenue run rates exceeding $30 billion, the company is expected to match or surpass rival OpenAI in its next private funding round.
Sources familiar with the matter indicate that Anthropic has received multiple preemptive offers to raise approximately $50 billion at a valuation between $850 billion and $900 billion. This potential capital injection would more than double the company's previous valuation of $380 billion, which was established in February 2026. The proposed terms would also position Anthropic to match or surpass its chief rival, OpenAI, which recently closed a record $122 billion round at an $852 billion post-money valuation.
The decision on the definitive terms of the round is expected to be made at an upcoming board meeting in May. While earlier reports from Bloomberg and Business Insider suggested bids were received at an $800 billion valuation, current discussions reflect a significant upward revision in investor appetite. The company is reportedly finding it difficult to resist the pressure to secure this funding, which could represent its final private fundraising round before a potential initial public offering.
Investor interest has reached a feverish pitch, with demand appearing to outstrip the immediate supply of capital. One institutional investor, prepared to commit up to $5 billion, has reportedly been unable to secure a meeting with Anthropic chief financial officer Krishna Rao. This intense competition underscores the market's belief that the company is only scratching the surface of its potential to expand into new industries, including finance, life sciences, and healthcare.
The financial backdrop for this massive raise is a dramatic acceleration in revenue. Anthropic announced this month that its annual revenue run rate has surpassed $30 billion, a stark contrast to the roughly $9 billion recorded at the end of 2025. Estimates now suggest the run rate is closer to $40 billion, driven largely by the company's AI coding capabilities through its Claude Code and Cowork platforms.
This rapid growth has prompted many investors to view the current valuation as conservative. With the company showing no sign of slowing its expansion, the prospect of a $50 billion raise at a $900 billion valuation reflects a market that sees significant untapped opportunity in Anthropic's technology stack and its ability to penetrate diverse sectors beyond its current focus.
