Sources: Anthropic Could Raise New $50B Round at $900B Valuation

Investor interest in Anthropic has reached fever pitch.

AI assistant maker Claude has received multiple preemptive offers to raise about $50 billion in new capital at a valuation between $850 billion and $900 billion, according to a half-dozen sources familiar with the matter. Bloomberg and Business Insider reported earlier this month that Anthropic had received multiple preemptive offers at a valuation of $800 billion, but at the time, the company had not yet committed to fundraising.

Sources say, however, that Anthropic is struggling to resist pressure to secure more funding in what could be the last round of private fundraising before a potential IPO. The company is expected to make a final decision on the round and its valuation at a board meeting in May, a person told TechCrunch.

The round is expected to total $40 billion to $50 billion, according to people familiar with the company. However, investor demand appears to be much higher given the company’s rapid growth, which shows no signs of slowing down. Investors are clamoring to get in on the round. An institutional investor ready to commit up to $5 billion has yet to secure a meeting with Anthropic CFO Krishna Rao, according to a source.

Anthropic announced this month that its annual revenue rate has topped $30 billion, a dramatic increase from about $9 billion at the end of 2025. The company’s operating rate is currently approaching $40 billion, said one of the people with knowledge of the company’s finances.

Antrhopic declined to comment.

A large portion of this revenue comes from Anthropic’s AI coding capabilities, specifically through the Claude Code and Cowork platforms. Many investors believe the company is just scratching the surface of its potential, given the huge opportunity to expand its offerings into new industries, including finance, life sciences and healthcare.

Anthropic raised its latest round at a $380 billion valuation in February. If the company goes ahead with another fundraising on the terms described by TechCrunch’s sources, it would not only more than double its valuation, but match or surpass that of its main rival. Also in February, OpenAI closed a record $122 billion round with a post-money valuation of $852 billion.