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

Anthropic is asking investors to submit allocations for the AI ​​company’s latest fundraise within the next 48 hours, according to sources familiar with the matter. The round, which is expected to be around $50 billion according to TechCrunch, is expected to close within two weeks, the sources said.

As we previously reported, Anthropic is targeting a valuation of around $900 billion. However, given rising demand from investors looking to buy a stake in the company, the final valuation could well surpass that figure, our sources said.

Anthropic declined to comment.

Despite high demand, some early backers – especially those who invested in 2024 or earlier – are skipping this round. Instead, these investors are waiting for potential cash flow during Anthropic’s expected IPO later this year.

The company is in the process of raising what will likely be its last private round before going public to fund its massive computing needs.

Anthropic announced this month that annual revenue has surpassed $30 billion. But as we previously reported, the company’s run rate is currently closer to $40 billion, according to sources with knowledge of the company’s financials.

Anthropic raised its last round in February at a valuation of $380 billion. At $900 billion, the company would not only more than double its valuation, but also surpass its main rival OpenAI, which closed a record-breaking $122 billion round earlier this year with a post-money valuation of $852 billion.

Jagmeet Singh contributed reporting.