Sources: Anthropic potential $900B+ valuation round could happen within 2 weeks

Anthropic is rapidly closing in on what sources describe as likely its final private fundraising round before going public. The company has asked investors to submit allocation requests within 48 hours for a round expected to be roughly $50 billion, targeting a valuation of approximately $900 billion. Given soaring demand, the final valuation could exceed that figure. The massive raise will fund Anthropic's enormous computing needs as it scales its AI models. The company's recent financial disclosures show an annual revenue run rate exceeding $30 billion, with some sources pegging it closer to $40 billion.

At a $900B valuation, Anthropic would not only more than double its previous $380B valuation from February but also surpass chief rival OpenAI, which closed a $122B round at an $852B valuation earlier this year. Interestingly, some early backers—particularly those who invested in 2024 or earlier—are choosing to skip this round. Instead, they are holding out for a potential cash-out during Anthropic's anticipated IPO later this year. The company has declined to comment on the fundraising details, but the speed and scale signal intense investor appetite for AI infrastructure bets.