Anthropic is in negotiations with potential investors over a capital raise that would place its valuation at about $900 billion, multiple reports said on Wednesday. That figure would position the Claude developer marginally ahead of a rival AI company that was valued at $852 billion in late-March.
According to the reports, Anthropic is reviewing proposals that would value the firm at more than twice its current price, but those conversations are at an early stage and no commitments have been made. The company previously raised $30 billion at a $380 billion valuation in February.
For context within the private AI funding environment, the rival AI company logged an $852 billion valuation in late-March after closing a $122 billion funding round supplied by several major technology firms.
Anthropic has released a series of models in recent weeks. Earlier this month it rolled out Claude Opus 4.7, which the company described as its best generally available model. In the days immediately before that launch, Anthropic unveiled Claude Mythos Preview, a model the company characterized as having advanced cybersecurity capabilities and which is currently accessible only to a limited group of corporate partners.
Reports indicate that the Mythos Preview spurred a series of high-level meetings in recent weeks involving members of the Trump administration, technology executives and bank leaders. Those interactions and the specialized nature of the Mythos Preview are cited as part of the rationale for pursuing new funding.
Anthropic is said to need capital in order to procure the compute infrastructure necessary to operate Mythos at scale. While the financing discussions are underway, sources emphasize their preliminary status and note that no offers have been accepted.
The outcome of these talks and any resulting change to Anthropic’s capitalization remain uncertain at this stage. Observers will be watching both the company’s product rollout and its ability to secure the additional compute resources it has identified as necessary to run its newest models.