On April 29, 2026, TechCrunch reported, citing half a dozen sources familiar with the matter, that Anthropic, the maker of the Claude AI assistant, has received multiple preemptive offers to raise approximately $50 billion at a valuation in the $850 billion to $900 billion range. This could be the company’s final round of private fundraising before a potential initial public offering.

Funding Details

According to sources, Anthropic’s board is expected to make a definitive decision on the round and its valuation at a board meeting in May. The round is anticipated to total $40 billion to $50 billion. Given the company’s rapid growth, investor demand far exceeds expectations. One institutional investor prepared to commit as much as $5 billion has yet to secure a meeting with Anthropic CFO Krishna Rao, a source said.

Explosive Revenue Growth

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. One person with knowledge of the company’s financials said the current run rate is closer to $40 billion.

Much 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, with massive opportunity to expand into finance, life sciences, and healthcare.

Competing with OpenAI

Anthropic raised its last round at a $380 billion valuation in February. If the company proceeds with another fundraise at the terms described by TechCrunch’s sources, it will not only more than double its valuation but also match or surpass its chief rival OpenAI. Also in February, OpenAI closed a record-breaking $122 billion round at an $852 billion post-money valuation.

Anthropic declined to comment on the reports.

Source: TechCrunch, Bloomberg