Sources: A potential $900 billion valuation round could happen within two weeks

Anthropic is asking investors to make allocations to the AI ​​company’s latest fundraising campaign within the next 48 hours, according to sources familiar with the matter. The round, which TechCrunch reported is expected to be worth about $50 billion, is expected to close within two weeks, the sources said.

As mentioned earlier, Anthropic is targeting a valuation of around $900 billion. However, our sources said that due to growing demand from investors seeking a stake in the company, the final valuation may exceed this number.

Anthropic declined to comment.

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

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

Anthropic announced this month that its annual revenue run rate had surpassed $30 billion. But as we mentioned earlier, the company’s run rate is currently approaching $40 billion, according to sources familiar with the company’s financials.

Anthropic raised its latest round in February at a valuation of $380 billion. At $900 billion, the company would not only more than double its value, but would also outperform its main rival, OpenAI, which closed a record $122 billion round at a post-cash valuation of $852 billion earlier this year.

Jagmeet Singh contributed reporting.