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Anthropic Seeks Investor Commitments for $50 Billion Funding Round, Due in 48 Hours
Anthropic is seeking investor commitments for a $50 billion fundraising round expected to close in two weeks at a targeted $900 billion valuation. The AI company reported its annual revenue run rate exceeds $30 billion, with sources indicating it is closer to $40 billion. This round is likely the last before an anticipated IPO later this year.
Apr 30, 7:42 PM·1m read2 sources
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Anthropic has asked investors to submit allocations for its latest fundraising round within the next 48 hours, sources familiar with the matter said. The round is expected to total roughly $50 billion. It is estimated to close within two weeks.
The company is targeting a valuation of about $900 billion for the round, according to a previous TechCrunch report. However, sources said the final valuation may exceed that figure due to strong investor demand. Anthropic declined to comment on the fundraising round.
Some early backers who invested in 2024 or earlier are skipping this fundraising round. These investors are instead 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.
Anthropic announced this month that its annual revenue run rate has surpassed $30 billion. Sources with knowledge of the company’s financials said the run rate is currently closer to $40 billion. The funds are intended to support the company's massive computing needs.
Anthropic raised its last round in February at a $380 billion valuation. At a $900 billion valuation, the company would more than double its previous valuation. It would also surpass its rival OpenAI, which closed a $122 billion round at an $852 billion post-money valuation earlier this year.
