Anthropic in Talks for $50B Raise at $900B Valuation

Anthropic, the San Francisco-based developer of the Claude AI models, is in advanced discussions for a funding round that could raise up to $50 billion at a roughly $900 billion valuation, positioning it ahead of rival OpenAI as the world's most valuable private AI company.

The talks, led by Chief Financial Officer Krishna Rao, involve interest from investors including Dragoneer Investment Group, General Catalyst, and Lightspeed Venture Partners. Sources familiar with the matter indicate a potential close within the next two months. The capital would primarily fund expansion of computing infrastructure, addressing capacity constraints that have recently disrupted customer operations amid surging demand for Claude.

Anthropic's annualized revenue has accelerated to nearly $45 billion, a fivefold increase from $9 billion at the end of 2024. Growth is driven by products such as Claude Code, an AI agent for software development, and Cowork, aimed at non-technical professionals. The company has secured long-term compute deals with Amazon Web Services, Google, Broadcom, and others, including a partnership involving SpaceX for 220,000 NVIDIA GPUs.

Previously valued at around $350 billion...