Anthropic Eyes $900B+ Valuation in Potential $50B Funding Round

A Valuation That Would Top OpenAI

Anthropic is considering a new funding round at a valuation exceeding $900 billion, which would make it the most valuable AI startup in the world, surpassing OpenAI's $852 billion valuation from its February 2026 round. The company is evaluating multiple preemptive offers from investors targeting $40 billion to $50 billion in total capital.

According to TechCrunch and Bloomberg, investor demand is intense enough that Anthropic has set a 48-hour deadline for allocation submissions. One institutional investor reportedly prepared to commit $5 billion but could not get a meeting with the CFO.

Revenue Hypergrowth: $30B+ ARR

Anthropic's annualized revenue run rate has surpassed $30 billion, with internal figures closer to $40 billion, up from roughly $9 billion at the end of 2025. The company's growth is primarily driven by AI coding capabilities through Claude Code and Cowork platforms. More than 1,000 enterprise customers are each spending over $1 million annually, a count that doubled in under two months.

Google and Broadcom Partnership

The company also recently announced a strategic computing partnership with Google and Broadcom. Google has pledged to invest up to $40 billion in Anthropic. An IPO is expected as early as October 2026.

Reshaping the AI Landscape

If the round closes at the reported valuation, Anthropic would become the first AI startup to match the market capitalization of established tech giants. With both OpenAI and Anthropic now valued at hundreds of billions of dollars, the AI startup ecosystem has fundamentally changed what scale means in the industry.