Anthropic in talks for a round at over $900B valuation

Anthropic

Industry media only 3 src. ~1 min

Anthropic has received preemptive offers to raise around $50B at a valuation in the $850–900B range, more than doubling its current capitalization and potentially putting the company ahead of OpenAI as the most valuable AI startup. Talks are at an early stage and no term sheet has been signed. In parallel, run-rate revenue is reported at >$30B versus ~$9B at the end of 2025.

Why it matters

If the round closes in this range, the balance of power in the frontier-lab race formally shifts in Anthropic's favor — for the first time since 2023.

Importance: 4/5

Frontier lab, potential shift in capitalization leadership; ≥2 independent primary-media outlets (Bloomberg + TechCrunch).

Sources