Anthropic in talks to raise $30bn at a $900bn valuation

"Anthropic is in early talks to raise at least $30bn in a new financing round at a pre-money valuation above $900bn, Bloomberg reported on Tuesday , citing people familiar with the matter. If it closes at those terms, it would be the largest fundraise in the company's history and would push its valuation past OpenAI's, less than three months after Anthropic last set a record."

"The round is not finalised. No term sheet has been signed, the people told Bloomberg, and one source suggested it could close as soon as the end of this month. Earlier reporting in late April had floated a potential round of up to $50bn at the same valuation band, as TechCrunch wrote , suggesting the deal's size has narrowed in the past two weeks, even as the price tag has held."

"In February, Anthropic closed a $30bn Series G at a $380bn post-money valuation, led by ICONIQ with co-leads including D. E. Shaw, Dragoneer, Founders Fund and MGX. That deal was, at the time, the second-largest private financing in history. A round at $900bn pre-money would more than double that price in roughly a quarter."

"Chief executive Dario Amodei said this spring that the company had crossed a $30bn annualised run-rate, up from roughly $14bn in mid-February and $87m in January 2024. Enterprise adoption has been the main lever: Anthropic has reported more than 1,000 enterprise customers spending over $1m a year on Claude, a figure it says has doubled since February, with Claude Code alone running at a $2.5bn annualised pace."

Anthropic is in early talks to raise at least $30bn in a new financing round at a pre-money valuation above $900bn. If the round closes on those terms, it would be the largest fundraise in the company’s history and would push its valuation past OpenAI less than three months after its last record-setting raise. The round is not finalized, with no term sheet signed, and it could close as soon as the end of the month. Earlier reporting suggested a possible round of up to $50bn at similar valuation levels, but the size appears to have narrowed. The pace aligns with rapid revenue growth, including crossing a $30bn annualised run-rate and strong enterprise adoption.

Read at TNW | Anthropic