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Anthropic, the maker of the Claude AI assistant, has received multiple preemptive offers to raise fresh capital of around $50 billion at a valuation in the $850 billion to $900 billion range, according to half a dozen sources familiar with the matter. This would mark one of the largest single funding rounds in AI industry history.

Sources say Anthropic is finding it difficult to resist the pressure to secure more funding in what could be its final round of private fundraising before a potential IPO. The company is expected to make a definitive decision on the round in the near future.

The round is expected to total $40 billion to $50 billion, according to people familiar with the company. However, investor demand appears to be much higher given the company’s rapid growth, which shows no sign of slowing. Investors are clamoring to get in, and the actual appetite may far exceed what Anthropic originally sought.

Anthropic announced this month that its annual revenue run rate has surpassed $30 billion, a dramatic increase from roughly $9 billion at the end of 2025. The company’s run rate is currently closer to $40 billion, one of the people with knowledge of the matter said.

A large portion of that revenue is driven by Anthropic’s AI coding capabilities, specifically through its Claude Code and Cowork platforms. Many investors believe the company is only scratching the surface of its potential, given the massive opportunity in AI-powered software development and automation.

Anthropic has previously secured commitments from Google for up to $40 billion in cash and compute investment. If the new round proceeds, it would place Anthropic’s valuation in the same stratosphere as OpenAI, making them the two most highly valued AI companies in the world.

The funding would also fuel Anthropic’s massive investments in compute infrastructure. As AI models continue to scale, training and inference costs are rising sharply, and ample capital reserves are essential for maintaining technological competitiveness.

Analysts note that if Anthropic completes this round at a $900 billion valuation, it would break all previous records for private tech company fundraising. Given the current market enthusiasm for AI investments, this valuation level is not implausible.

Anthropic declined to comment on the matter. A final decision is expected in the coming weeks.

Source: TechCrunch