Anthropic Nears $50B Raise at $900B Valuation
▼ Summary
– Anthropic has received multiple preemptive offers to raise $40–$50 billion at an $850–$900 billion valuation, more than doubling its last valuation of $380 billion.
– The company is expected to decide on the fundraising round and valuation at a board meeting in May, amid pressure to secure what could be its final private round before a potential IPO.
– Investor demand far exceeds the planned round size, with one institution willing to commit $5 billion but unable to secure a meeting with Anthropic’s CFO.
– Anthropic’s annual revenue run rate has surged past $30 billion, up from roughly $9 billion at the end of 2025, and is now closer to $40 billion.
– Much of the revenue growth comes from AI coding tools Claude Code and Cowork, and investors see significant expansion potential into finance, life sciences, and healthcare.
Investor enthusiasm for Anthropic has reached an extraordinary level. The developer behind the Claude AI assistant has received multiple unsolicited offers to raise approximately $50 billion in fresh capital, with valuations landing between $850 billion and $900 billion, according to half a dozen sources with direct knowledge of the matter. Earlier this month, Bloomberg and Business Insider reported that Anthropic had fielded preemptive bids at an $800 billion valuation, though the company had not yet committed to a funding round at that stage.
Sources now indicate that Anthropic is finding it increasingly difficult to resist the push to secure additional funding, which could serve as its final private capital raise before a potential IPO. A definitive decision regarding the round and its valuation is expected during a board meeting in May, one person familiar with the situation told TechCrunch.
The anticipated round is projected to total between $40 billion and $50 billion, according to people close to the company. Yet investor demand appears significantly higher, given Anthropic’s rapid and sustained growth. One institutional investor prepared to commit as much as $5 billion has not even secured a meeting with CFO Krishna Rao, a source said.
Anthropic announced this month that its annual revenue run rate has surpassed $30 billion, a dramatic leap from roughly $9 billion at the end of 2025. The run rate is now closer to $40 billion, one person with knowledge of the company’s financials added. Anthropic declined to comment.
A substantial portion of this revenue stems from Anthropic’s AI coding capabilities, particularly through its Claude Code and Cowork platforms. Many investors believe the company is just beginning to tap its full potential, given the vast opportunity to expand into new sectors such as finance, life sciences, and healthcare.
Anthropic’s last funding round closed in February at a $380 billion valuation. If the company proceeds with a new raise at the terms described by TechCrunch’s sources, it would not only more than double its valuation but also match or surpass that of its chief rival. In February, OpenAI closed a record-breaking $122 billion round at an $852 billion post-money valuation.
(Source: TechCrunch)
