Sources: Anthropic potential $900B+ valuation round could happen within 2 weeks

Anthropic is asking investors to submit allocations for the AI company’s latest fundraise within the next 48 hours, according to sources familiar with the matter. The round, which TechCrunch reported is expected to be roughly $50 billion, is estimated to close within two weeks, the sources said.

As we previously reported, Anthropic is targeting a valuation of about $900 billion . However, given the soaring demand from investors seeking a stake in the company, the final valuation may well exceed that figure, our sources said.

Despite the intense demand, some early backers — particularly those who invested in 2024 or earlier — are skipping this round. Instead, these investors are waiting to potentially cash out during Anthropic’s anticipated IPO later this year.

The company is raising what is likely to be its last private round before going public to fund its massive computing needs.

Anthropic announced this month that its annual revenue run rate has surpassed $30 billion. But as we previously reported, the company’s run rate is currently closer to $40 billion, according to sources with knowledge of the company’s financials.

Anthropic raised its last round in February at a $380 billion valuation. At $900 billion, the company would not only more than double its valuation but would also surpass its chief rival, OpenAI, which closed a record-breaking $122 billion round at an $852 billion post-money valuation earlier this year.

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Marina Temkin is a venture capital and startups reporter at TechCrunch. Prior to joining TechCrunch, she wrote about VC for PitchBook and Venture Capital Journal. Earlier in her career, Marina was a financial analyst and earned a CFA charterholder designation.

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Key takeaways

Anthropic's pursuit of a $900 billion valuation may catalyze investments in Brazilian AI startups.

The strategy of some investors to wait for an IPO may influence venture capital market behavior in Brazil.

The comparison between Anthropic's and OpenAI's valuations may lead to a reassessment of fundraising strategies in the sector.

Editorial analysis

The recent move by Anthropic to seek a valuation of $900 billion highlights the growing importance and competitiveness of the artificial intelligence sector, not only in the United States but also in emerging markets like Brazil. The expectation of a funding round that could exceed $50 billion reflects investor confidence in the company's ability to generate significant revenues, projected at over $30 billion annually. This situation could serve as a catalyst for Brazilian startups seeking funding, as it demonstrates that the market is willing to invest heavily in AI companies with substantial growth potential.

Moreover, the decision of some investors to skip this round and wait for a potential IPO suggests a long-term strategy that may influence investor behavior in Brazil. The focus on IPOs could indicate a maturation of the venture capital market, where investors seek not only quick returns but also opportunities to participate in companies that become market leaders. This may encourage more Brazilian startups to prepare for going public, increasing competitiveness and innovation in the sector.

Another point to watch is the comparison between Anthropic's valuation and that of OpenAI. With Anthropic seeking to surpass OpenAI's valuation, this could create a domino effect in the sector, prompting other companies to reassess their own valuations and fundraising strategies. For Brazil, this could mean increased interest in investments in AI, particularly in areas like machine learning and natural language processing, which have seen rapid growth.

Finally, Anthropic's need to finance its enormous computing demands underscores the importance of technological infrastructure. In Brazil, where infrastructure development still faces challenges, the ability to support growing AI companies could be a critical factor for the sector's success. Investor attention in AI could stimulate the development of local solutions that meet these demands, fostering a more robust and sustainable ecosystem in the country.

Sources: Anthropic potential $900B+ valuation round could happen within 2 weeks

Key takeaways

Editorial analysis

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