Anthropic Eyes $50B Round at $900B Valuation

Anthropic has received multiple preemptive offers to raise $40-50 billion at a valuation between $850 billion and $900 billion, potentially doubling its $380 billion valuation from just months ago. A board decision is expected in May, in what could be the company's final private fundraise before an IPO. Investor demand is intense, fueled by Anthropic's explosive growth. Its annual revenue run rate has surged from roughly $9 billion at end of 2025 to over $30 billion, with internal figures closer to $40 billion. AI coding tools Claude Code and Cowork are key revenue drivers.