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Anthropic Targets $900 Billion Valuation in Fast $40–$50 Billion Raise

The fast-moving process reflects soaring demand for capital to secure computing power for new models.

Overview

  • Anthropic is taking investor allocation requests for a roughly $50 billion private round that sources say could wrap up in about two weeks.
  • The prospective deal is being discussed at about a $900 billion valuation that could top OpenAI’s recent $852 billion mark, though no term sheet has been signed and the board will weigh terms in May.
  • The company says its annualized revenue now exceeds $30 billion, with some sources putting the run rate closer to $40 billion, driven by enterprise use of tools like Claude Code and Cowork.
  • To meet rising usage, Anthropic lined up major infrastructure, including up to $25 billion from Amazon tied to about 5 gigawatts of compute and a separate GoogleBroadcom arrangement for another 5 gigawatts next year.
  • Safety scrutiny is shaping rollout of the new Claude Mythos model, which can spot large numbers of software flaws, as Anthropic limits access and reports say the White House opposes a broader test pool; the raise is widely viewed as the last private step before a possible IPO as soon as October.