Anthropic has agreed terms for a $30 billion capital raise that would place the AI startup's valuation at roughly $900 billion, representing nearly a threefold increase in value versus its level three months ago. Persons familiar with the matter say the financing is expected to close as soon as this month.
The funding round is being co-led by four investment firms - Dragoneer Investment Group, Greenoaks Capital, Sequoia Capital, and Altimeter Capital - each of which is expected to contribute at least $2 billion to the transaction. Anthropic is also in active discussions with additional investors to complete the round.
According to the same sources, Anthropic's annualised revenue is forecast to exceed $45 billion in the near term, a fivefold increase from the $9 billion figure recorded at the end of last year. The company’s projected revenue growth and the size of the proposed raise would place Anthropic ahead of a key rival; the deal would elevate the company above OpenAI, which has a reported valuation of about $852 billion.
Market participants tracking the situation emphasise that the financing involves multiple large commitments from institutional investors and is structured to close quickly, subject to the completion of outstanding investor agreements. The co-lead investors are expected to each provide sizable allocations, and Anthropic continues to broaden participation among other backers.
While detailed terms beyond the headline valuation and round size have not been disclosed publicly, the reported figures imply a substantial re-rating of Anthropic’s value in a short span of time, tied to its recent revenue trajectory and investor demand for exposure to the company’s AI platforms and products.
This development is notable for investors and market watchers focused on the AI sector and venture financing activity given the scale of both the money involved and the valuation implied by the deal.