Anthropic, the artificial intelligence (AI) firm behind the Claude chatbot, is in talks for a new funding round that could value it at nearly $1 trillion. The news comes as the firm sees a massive surge in demand for its AI tools and a subsequent spike in revenue. With the new round, Anthropic’s valuation could also surpass that of its biggest rival, OpenAI, the creator of ChatGPT. Even more importantly, sources say that investors are in a frenzy to join the new round ahead of Anthropic’s expected initial public offering (IPO) this year.
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Anthropic Targets Almost $1 Trillion Valuation in New Funding Talks
Anthropic could soon be joining the trillion-dollar pre-IPO tech club with rocket company SpaceX and data and AI firm ByteDance among its members. According to people familiar with the matter, the Claude maker is now considering a new funding round to raise about $50 billion by this summer.
The new round is expected to push the firm’s pre-money valuation to about $900 billion. If that happens, Anthropic’s value would immediately surpass OpenAI’s, which currently sits at around $852 billion.
Back in February 2026, Anthropic’s valuation sat at just $380 billion. However, if the company’s value skyrockets to $900 billion, this would mark more than 2.3x growth in less than three months, making it one of the fastest-growing AI firms in the world.
In addition, people familiar with the matter expect Anthropic’s annualized revenue to exceed $45 billion after the round. This would mark a staggering 5x increase from its earlier $9 billion revenue run rate at the end of 2025.
Anthropic Sees Massive Investor Rush Ahead of IPO
Sources with direct knowledge of the matter say that investors are rushing to build positions in Anthropic ahead of its mega IPO this year. Both new investors and older backers are showing strong interest in the upcoming round, seeking new allocations as the AI firm keeps growing.
Meanwhile, Anthropic is taking its time with negotiations, with reports saying the firm has not agreed to final terms. The company is currently focused on boosting its computing power after its recent deal with SpaceX. The move comes as Anthropic’s Claude AI faced major performance issues as demand jumped 80-fold, far above the internal expectations of a 10-fold growth.
Overall, markets are closely watching for more details of an IPO this year. Anthropic is currently going head-to-head with OpenAI, which is also said to be planning a public debut in 2026.
Is Anthropic Going to IPO Soon?
Anthropic could be targeting an IPO as early as October this year. Reports indicate that Goldman Sachs (GS) and JPMorgan Chase (JPM) are among the banks in talks to lead the offer, with the private company potentially debuting the same year as SpaceX, OpenAI, Stripe, and Databricks.
