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Key Takeaways
- Anthropic is nearing a $30 billion funding round at a reported $900 billion pre-money valuation.
- The new valuation would put Anthropic above OpenAI, which was most recently valued at $852 billion.
- Dragoneer, Greenoaks, Sequoia Capital and Altimeter Capital are expected to co-lead the round.
- The deal comes just months after Anthropic raised $30 billion at a valuation of roughly $350 billion.
Anthropic is nearing a $30 billion funding round that would value the AI company at $900 billion, a dramatic jump that could put the Claude maker ahead of rival OpenAI in the private-market valuation race.
The round is expected to be co-led by Dragoneer, Greenoaks, Sequoia Capital and Altimeter Capital, according to the Financial Times, which cited people familiar with the deal. Each of the four lead investors is expected to contribute at least $2 billion, and the deal could close as soon as this month.
Table of Contents
- Anthropic’s Valuation Could Overtake OpenAI
- Investors Chase Anthropic’s Revenue Surge
- The Deal Is Not Final Yet
Anthropic’s Valuation Could Overtake OpenAI
If completed at the reported terms, the funding round would mark one of the largest valuation jumps in the AI market so far.
Anthropic was valued at about $380 billion post-money in a $30 billion round in February. A new $900 billion valuation would nearly triple the company’s worth in roughly three months, reflecting intense investor demand for companies that can show real revenue growth from generative AI products.
The reported valuation would also move Anthropic ahead of OpenAI, which was most recently valued at $852 billion. That would be a notable shift in the AI market, where OpenAI has long been viewed as the category leader behind ChatGPT.
Investors Chase Anthropic’s Revenue Surge
The fundraising talks come as Anthropic’s revenue growth reportedly accelerates.
The Financial Times reported that Anthropic’s annualized revenue rose from about $9 billion last year to a projected $45 billion figure, helping fuel investor interest in the company’s next round.
That kind of growth is especially important as AI companies face enormous infrastructure costs. Frontier model developers need massive amounts of compute to train and run their systems, which means even companies with fast-growing revenue often need large outside funding rounds to support expansion.
For Anthropic, the new capital could help fund continued model development, cloud infrastructure and enterprise adoption of Claude, its family of AI assistants and models. It would also sharpen the competition between Anthropic and OpenAI, which has a potential IPO on the horizon. Both companies are racing to win enterprise customers, expand model capabilities and secure enough compute to support growing demand.
The Deal Is Not Final Yet
The round has not been formally announced by Anthropic, and reported terms could still change before closing.
Bloomberg reported earlier this week that Anthropic was in talks to raise at least $30 billion at a valuation of more than $900 billion, but said at the time that the deal was not finalized. The FT later reported that Anthropic had agreed terms for the round.
That means the funding would still need to close before the valuation becomes official. Still, the reported terms show how quickly private-market expectations around AI leaders have escalated.
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Anthropic’s reported fundraising round also shows that investors are still willing to assign massive valuations to AI companies with fast-growing revenue, even as questions remain about infrastructure costs, competition and long-term profitability.