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Anthropic Targets Up to $50 Billion in New Funding at $900 Billion Valuation

A deal at that scale would signal investor faith despite a Pentagon dispute.

Overview

  • Anthropic is in talks to raise as much as $50 billion at a roughly $900 billion pre-money valuation, according to reporting that cites people familiar with the process.
  • Sources say the company’s annualized revenue run rate has topped $45 billion, up from about $9 billion at the end of 2025, driven by enterprise use of Claude Code and related tools.
  • The prospective round is described as possibly the last before a public listing, with a board decision expected in May and some reports pointing to a potential IPO as early as October 2026.
  • Anthropic has sued the U.S. government over a Pentagon designation that CFO Krishna Rao says could cut 2026 revenue by multiple billions of dollars.
  • To deepen sales and compute access, Anthropic launched a new AI services venture with Blackstone, Hellman & Friedman, and Goldman Sachs, and Amazon added $5 billion to lift its potential commitment to $25 billion.