VCs love to chase the hottest startups, but startups aren’t always interested in selling more shares. So it is with Anthropic, sources tell Bloomberg.
VCs are offering OpenAI’s competitor a pre-emptive funding round that would value the company at $800 billion or more — almost equal to, or perhaps even surpassing, its rival. In February, OpenAI closed a record $110 billion round that gave it a post-money valuation of $852 billion. Just a few weeks earlier, Anthropic announced a $30 billion round (which, in another era, would also have been a record), at a $380 billion valuation.
But so far, Anthropic has not been interested in the VCs’ latest offers, Bloomberg reports. Of course, this can change. Anthropic has its own massive capital expenditures to consider, even if it hasn’t signed deals as hotly as OpenAI.
Manufacturer Claude, for example, has committed $50 billion to build its own data centers, $30 billion to spend Microsoft’s cloud and spends billions a year on AWS. At some point, it may need money, especially if it can raise it on good terms, possibly to more than double its previous valuation.
But investors look at Anthropic’s growing revenue — reportedly $30 billion by the end of March, up from $9 billion at the end of 2025 — and say, “It’s worth it.” Investors are so thirsty for Anthropic shares that demand has grown almost insatiable in secondary markets. So with the slightest nod from Anthropic CEO Dario Amodei, his company could secure funding that exceeds its rival’s valuation.
Anthropic declined to comment to Bloomberg and did not immediately respond to a request for comment.
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