Anthropic plans to raise up to $50 billion in funding, which could establish a valuation of approximately $900 billion for the Claude developer and make it the world’s most valuable private AI company.
The Financial Times first reported the move on May 7, 2026, citing people familiar with the matter. Bloomberg confirmed the financial details, which showed that the funding round would probably close within two months, although the terms of the agreement remain unfinished and its completion is still uncertain.
The proposed raise would mark a staggering leap from the $380 billion valuation Anthropic secured in February 2026. The deal has already attracted interest from investors like Dragoneer Investment Group, General Catalyst, and Lightspeed Venture Partners. The financing could also strengthen the company’s position ahead of the expected Anthropic IPO.
One investor told the Financial Times that potential backers were “ready to throw any dollar amount at Anthropic.” For context, OpenAI was valued at $852 billion post-money following its own record $122 billion funding round in March.
The revenue trajectory behind these figures is exceptional. Anthropic has reached up to $9 billion in annualized revenue by the end of 2025, a figure that later increased to $30 billion by March 2026. The business is expected to reach revenue of over $45 billion, meaning a fivefold increase could happen within just six months.
The company derives about 80% of its revenue from enterprise clients, including over 1,000 businesses, with each spending more than $1 million annually on Anthropic services. Much of the company’s growth is driven by two main products: Claude Code and Cowork, which serve different user needs.
Unlike typical tech fundraises focused on operational expansion, the majority of this capital would likely go toward computing infrastructure. Anthropic has already signed multibillion-dollar agreements with Amazon Web Services, Google Cloud, and Broadcom to secure long-term compute access — Google alone has invested around $10 billion with options for $30 billion more.
The fundraising urgency has been amplified by the pending broader release of Mythos, Anthropic’s advanced cybersecurity model unveiled on April 7, 2026. The company has described the model as too powerful for unrestricted public release, while the UK’s AI Safety Institute assessed its cyber capabilities as a meaningful step above those of any other frontier model.
Mythos has also intensified Anthropic’s complicated relationship with Washington. In February, Defense Secretary Pete Hegseth designated Anthropic an unprecedented “supply chain risk to national security” after the company refused to allow its models to be used for autonomous weapons and domestic mass surveillance.
A federal court in California issued a preliminary injunction against the designation in late March, calling it “classic illegal First Amendment retaliation.” Since then, President Trump has signaled openness to a deal with Anthropic, telling CNBC the company “could be of great use.”
According to The Information and TechCrunch, Anthropic is targeting an IPO as early as October 2026, with Goldman Sachs, JPMorgan, and Morgan Stanley reported to be in preliminary discussions about the offering. The current $50 billion round is expected to be its final private raise before going public — setting the stage for what could be one of the largest technology listings in history, following SpaceX stock holding the top spot.
