Anthropic Considers $40B-$50B Raise at $850B-$900B Valuation

Anthropic, the developer of the Claude AI assistant, is considering a new funding round that could raise between 40 billion and 50 billion at a valuation of 850 billion to 900 billion, according to multiple sources familiar with the matter.

The artificial intelligence company has received several preemptive offers at those levels, the sources said. Discussions remain at an early stage, with no commitments made. A decision on the round's structure and valuation is expected at a board meeting in May. Previously, Anthropic resisted inbound proposals at valuations of 800 billion or more, reports earlier this month indicated.

Investor interest exceeds the targeted amount, driven by the company's rapid expansion. One institutional investor has offered up to 5 billion and is awaiting a meeting with Anthropic Chief Financial Officer Krishna Rao, one source said. Anthropic recently reported an annual revenue run rate surpassing 30 billion, up from about 9 billion at the end of 2025. People with knowledge of its financials placed the current run rate closer to 40 billion.

Much of the growth stems from enterprise adoption of Anthropic's AI coding tools, including Claude Code and Cowork,...