Anthropic lines up $30B mega-round at near-trillion valuation

Anthropic is preparing one of the largest private capital raises in tech history, working on a funding round of around $30 billion that would value the AI company at approximately $900 billion. Reports indicate the company is in talks with investors for at least $30 billion in new capital at a valuation above $900 billion, excluding the fresh investment, with terms described as agreed or close to agreement and the deal expected to close as soon as this month. Other coverage places the potential raise in a wider $30 billion to $50 billion range and suggests the valuation could climb as high as $950 billion, though the commonly cited figure across several reports is a $900 billion mark tied specifically to a $30 billion raise.

This prospective round would dramatically extend Anthropic’s lead in private AI valuations and position the company for an anticipated initial public offering, with multiple reports framing this as likely the final major private financing before going public. The new valuation would exceed that of rival OpenAI and underscores how a small group of frontier AI labs are absorbing an outsized share of global venture and strategic capital. The funding talks follow several prior hyperscaler investment agreements from major cloud and technology players and reflect sustained investor conviction that large-scale AI model development and deployment can support near-trillion-dollar private market valuations. Across the AI sector, Anthropic’s raise is seen as a bellwether for how much capital late-stage investors are still willing to commit to foundational model platforms at massive scale.