Anthropic Seeks $30B Round at $900B+ Valuation

From $380B to $900B in Two Months

Anthropic is in early talks to raise at least $30 billion at a valuation of more than $900 billion, Bloomberg reported on May 12. Dragoneer, Greenoaks, Sequoia Capital, and Altimeter Capital have each committed over $2 billion as round co-leads. No term sheet has been signed, with the deal expected to close by the end of May. The valuation more than doubles Anthropic's March financing, which closed at roughly $380 billion.

Revenue Growth Driving the Valuation

Anthropic's ARR has grown from roughly $9 billion at the end of last year to more than $45 billion — approximately 80× year-over-year. The company has reportedly surpassed OpenAI in revenue scale. Claude Code, its agentic coding product, and the Managed Agents platform for enterprise workflows are cited as the primary growth engines.

Implications for the AI Funding Landscape

If the deal closes at current terms, Anthropic would become one of the most valuable private companies in the world, surpassing SpaceX and potentially OpenAI in private-market valuation. The rapid cadence of these rounds underscores how quickly enterprise spending is concentrating at the top AI labs. The company's Q1 2026 ARR trajectory signals that the race for AI infrastructure and enterprise workflows is compressing timelines across the industry.