Anthropic PBC, the San Francisco–based artificial-intelligence company behind the Claude family of AI models, is in early talks to raise at least $30 billion in new financing at a valuation exceeding $900 billion, according to Bloomberg’s Ed Ludlow, citing people familiar with the discussions. If completed at the levels currently being discussed, the deal would become one of the largest private funding rounds in technology history and would value Anthropic above rival OpenAI, whose March financing round implied an $852 billion post-money valuation.
The financing discussions come as Anthropic quietly prepares for a potential public offering as early as October, according to people familiar with the matter. The fresh capital would primarily fund the enormous computing infrastructure required to support surging demand for the company’s AI products as enterprise adoption accelerates globally.
Anthropic co-founder and Chief Executive Officer Dario Amodei offered a glimpse into the scale of that growth during the company’s “Code with Claude” developer conference in San Francisco last week. Amodei said Anthropic originally planned for roughly tenfold annualized growth in 2026 but instead experienced approximately 80-fold growth during the first quarter alone — a pace he described as “just crazy” and operationally difficult to manage.
According to Amodei, Anthropic’s annualized revenue run rate climbed from roughly $9 billion at the end of 2025 to approximately $30 billion by April 2026. Bloomberg and the Financial Times have separately reported estimates ranging between $40 billion and $45 billion based on more recent enterprise-billing data.
The company’s growth trajectory has become one of the fastest in Silicon Valley history. Amodei disclosed that Anthropic generated an annualized revenue run rate of only $87 million in January 2024 before surpassing $1 billion by December 2024, climbing to $14 billion by February 2026, then jumping to $19 billion in March and $30 billion by April.
That explosive adoption has fueled intense investor demand. According to Bloomberg, Anthropic leadership began seriously evaluating a valuation above $900 billion after receiving multiple unsolicited investment proposals earlier this spring. The company has since opened discussions with existing investors regarding participation in the round, though no final terms have been agreed upon and negotiations remain fluid.
Several of Anthropic’s largest strategic partners have already committed massive capital injections separately from the new raise. Alphabet’s Google agreed to invest $10 billion earlier this year at a $350 billion valuation, with additional commitments potentially reaching $30 billion tied to future milestones. Amazon.com similarly committed $5 billion at the same valuation, with agreements allowing total investment commitments to expand toward $20 billion over time.
The latest valuation discussions represent a dramatic acceleration from prior rounds. Anthropic raised $13 billion during a September 2025 Series F financing at a $183 billion valuation, followed by a $30 billion Series G round in February 2026 that valued the company at $380 billion.
The sharp increase reflects extraordinary enterprise demand for Claude across industries including financial services, software development, healthcare, retail, and logistics. Large corporate users reportedly include companies such as Uber and Netflix, while Anthropic’s gross margins are said to exceed 70%.
But the company’s growth has created equally massive infrastructure challenges. Anthropic announced last week that it secured access to more than 300 megawatts of computing capacity at SpaceX’s Colossus 1 data center in Memphis, Tennessee — a notable development given prior public tensions between Amodei and Elon Musk over AI governance and safety issues.
The company continues racing to secure additional computing power from major infrastructure partners including Amazon, Google, Nvidia, and Microsoft, though much of that capacity is not expected to come online until late 2026 or 2027.
Amodei acknowledged during the conference that demand since March has strained the reliability of some Anthropic products, particularly its Claude Code developer platform. The company published a technical postmortem in late April identifying multiple bugs that had affected performance for several weeks.
The scale of the funding round also signals how dramatically the economics of artificial intelligence have shifted. Training and operating frontier AI systems now requires billions of dollars in semiconductors, electricity, cooling infrastructure, networking systems, and data-center capacity — creating an arms race among the world’s largest technology companies and investors.
Anthropic’s proposed valuation would test the upper limits of private-market appetite for AI infrastructure bets. OpenAI’s $852 billion valuation from March was previously viewed as the sector’s peak benchmark. Yet some tokenized prediction markets have implied even higher valuations for Anthropic, with platforms including Ventuals and PreStocks pricing speculative instruments between $1.2 trillion and $1.6 trillion, although the company has emphasized those products do not represent actual equity ownership.
The company also enters this next phase while navigating growing political and regulatory scrutiny. Anthropic has been involved in an ongoing dispute with the Department of Defense after Defense Secretary Pete Hegseth’s department labeled the company a “supply-chain risk” earlier this year. The conflict reportedly stemmed from Amodei’s refusal to remove contractual restrictions preventing Claude from being used for mass domestic surveillance or fully autonomous weapons systems.
The Trump administration subsequently directed federal agencies to pause adoption of Claude products, though several civil-liberties organizations and legal groups have challenged the policy in court filings.
So far, the controversy has not meaningfully slowed commercial adoption. But investors preparing for a possible October IPO are increasingly weighing whether Anthropic can sustain its extraordinary growth while navigating infrastructure shortages, mounting geopolitical pressure, and intensifying competition from OpenAI, Google DeepMind, Meta, xAI, and Microsoft-backed platforms.
Even Amodei himself has suggested the current pace may not be sustainable indefinitely. During last week’s conference, he told developers he hopes the company eventually returns to “more normal” growth levels.
For now, however, Anthropic appears to sit near the center of the most aggressive capital expansion cycle Silicon Valley has ever witnessed.
JBizNews Desk
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