Anthropic nears $30B funding round, surpasses OpenAI as most valuable AI startup

Anthropic is set to close a landmark funding round exceeding $30 billion at a valuation above $900 billion, vaulting past OpenAI as the most valuable AI startup. The round is co-led by Sequoia Capital, Dragoneer Investment Group, Altimetre Capital, and Greenoaks Capital Partners, each investing roughly $2 billion. Other existing investors like Founders Fund and General Catalyst are also participating. The large round came together in weeks, signaling intense demand for the Claude creator’s technology. The commitments are still being finalized but currently track north of the $30 billion target.

Anthropic expects to post $10.9 billion in revenue for Q2 2026, more than doubling from the prior quarter, and is on pace for its first profitable quarter. The company has told investors its annualized run rate revenue will surpass $50 billion by end of next month, up from $4 billion in July 2025. CEO Dario Amodei cited “80x growth” in revenue and usage. To fuel this expansion, Anthropic has struck a nearly $45 billion computing deal with SpaceX, a $1.8 billion deal with Akamai, and tapped Google for chips and cloud services. Google committed $10 billion at a $350 billion valuation, with potential for up to $30 billion more. Amazon also invested $5 billion with plans for $20 billion more. Both Anthropic and OpenAI are expected to go public as soon as fall 2026.