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Stock Markets April 29, 2026 06:48 PM

Anthropic Considers New Funding Round That Could Top $900 Billion Valuation

Startup weighing offers at more than double its current valuation as backers continue performance-based investments and an IPO looms

By Derek Hwang GOOGL AMZN
Anthropic Considers New Funding Round That Could Top $900 Billion Valuation
GOOGL AMZN

Anthropic is evaluating a potential financing round that, according to people familiar with the matter, would price the Claude maker at in excess of $900 billion. The discussions are at an early stage with no commitments accepted, and the move precedes a possible initial public offering as soon as October. The higher valuation would surpass a reported $852 billion estimate for rival OpenAI and follows a February raise at a $380 billion valuation.

Key Points

  • Anthropic is weighing offers that could value the company at more than $900 billion; discussions are in early stages and no offers have been accepted.
  • The company raised $30 billion at a $380 billion valuation in February, and a successful new round at the reported level would exceed a reported $852 billion valuation for OpenAI, potentially making Anthropic the highest-valued private AI startup.
  • The fundraising push precedes a possible initial public offering that could begin as early as October; major backers including Alphabet's Google and Amazon have continued to make multi-billion-dollar, performance-based investments.

Anthropic is exploring interest in a fresh funding round that could place the AI developer's valuation above $900 billion, people with knowledge of the matter told reporters. The company is fielding offers at levels that exceed twice its current valuation, but those conversations are preliminary and no offer has been agreed.

Earlier this year, Anthropic secured $30 billion in funding at a $380 billion valuation. The new discussions would represent a material increase on that figure, should they proceed to a close at the levels being discussed.

Sources indicate that a completed round at the suggested valuation would move Anthropic ahead of its peer OpenAI, which had been valued at $852 billion in March, making Anthropic the most valuable AI startup if the round were to reach completion at that price point.

The potential capital raise is occurring ahead of plans for a public listing that could begin as early as October. Company deliberations over financing are taking place while Anthropic has pushed back on some investor proposals valuing the firm at $800 billion or more, according to earlier accounts.

Large backers, including cloud and platform providers, have continued to make sizable, performance-linked investments in Anthropic. Those ongoing commitments from major technology firms are part of the backdrop to the current funding considerations.

Context and timing

The talks about a new funding round are described as early-stage. Anthropic has not accepted any incoming offers, and the company has previously closed substantial financing rounds, including the February transaction noted above. The fundraising activity and potential IPO are intertwined developments for the startup as it evaluates how best to capitalize and position itself in a competitive AI landscape.

Market positioning

If the reported valuation materializes, the company would overtake the reported valuation of a leading competitor, altering the hierarchy among private AI firms. The sequence of investor negotiations, performance-based investments from major technology backers, and timing around a possible October public offering frame the set of strategic choices facing Anthropic.

Risks

  • The funding discussions are described as early-stage with no accepted offers, creating uncertainty around whether a round will close at the reported valuation - this affects investors and capital markets.
  • Anthropic has reportedly resisted investor proposals valuing the company at $800 billion or more, indicating potential valuation negotiation risk that could delay or alter financing plans - this impacts private funding dynamics in the technology sector.
  • The timing of a potential IPO, cited as possibly as soon as October, remains tentative; any change in the financing outcome or market conditions could affect listing plans and broader equity market activity.

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