Anthropic valuation approaches $900B after reported $30B round

Anthropic has agreed terms for a reported $30 billion fundraising round that would value the company at about $900 billion, according to a Financial Times report published on May 15. The deal, if completed on those terms, would come three months after Anthropic said it had raised $30 billion at a $380 billion post-money valuation in February. (economictimes.indiatimes.com) Anthropic did not immediately provide a public statement on the reported new round. The reported financing comes after Amazon and Google each expanded separate investment and infrastructure agreements with the Claude maker in April. ### How did Anthropic get from $380 billion to a reported $900 billion so quickly? (anthropic.com) Anthropic said on February 12 that it had raised $30 billion in Series G funding at a $380 billion post-money valuation. The company said the round was led by GIC and Coatue and included investors such as Dragoneer, Sequoia Capital, Fidelity, General Catalyst, Temasek and TPG. (economictimes.indiatimes.com) Reuters reported on April 29, citing Bloomberg News, that Anthropic was weighing a new round at a valuation exceeding $900 billion. That report said the company had received multiple preemptive offers and was expected to decide on the round and valuation at a board meeting in May. The Financial Times report published on May 15 said Anthropic had agreed terms for the new financing and that the deal could close as soon as this month, though the structure could still change. Quartz, citing the Financial Times, reported that Dragoneer, Greenoaks, Sequoia Capital and Altimeter were set to jointly lead the round. (anthropic.com) ### Which investors are already tied to Anthropic through separate deals? Google said on April 24 that it planned to invest up to $40 billion in Anthropic. CNBC reported that the agreement included an initial $10 billion at Anthropic’s latest valuation of $380 billion, with another $30 billion tied to performance milestones. Anthropic said that agreement expanded a longstanding partnership between the two companies. (money.usnews.com) Amazon said on April 20 that it would invest $5 billion in Anthropic immediately and up to an additional $20 billion in the future. Anthropic said the expanded partnership built on the $8 billion Amazon had previously invested. Amazon also said Anthropic committed to spend more than $100 billion over 10 years on AWS technologies. (economictimes.indiatimes.com) Neither the April Google announcement nor the April Amazon announcement, as summarized in the sources reviewed, identified those companies as co-leads of the reported May fundraising round. The reported lead investors named in coverage of the new round were Dragoneer, Greenoaks, Sequoia Capital and Altimeter. ### What numbers is Anthropic giving investors on the business itself? (cnbc.com) Anthropic said in its February 12 funding announcement that its run-rate revenue had reached $14 billion. The company also said more than 500 customers were spending over $1 million annually on an annualized basis, and that eight of the Fortune 10 were Claude customers. Claude Code was a central growth figure in that announcement. (aboutamazon.com) Anthropic said the coding product had reached more than $2.5 billion in run-rate revenue and that weekly active users had doubled since January 1. The company also said a recent analysis estimated Claude Code was responsible for 4% of public GitHub commits worldwide. Krishna Rao, Anthropic’s chief financial officer, said in the February statement that customer demand was driving the fundraising. “Claude is increasingly becoming critical to how businesses work,” Rao said. (cnbc.com) ### Why do Amazon and Google keep appearing around Anthropic’s fundraising? Google’s April 24 agreement included cash and access to additional compute capacity. (anthropic.com) CNBC reported that Anthropic had secured 5 gigawatts worth of computing capacity as part of an announcement with Google and Broadcom that would start to come online next year. Amazon’s April 20 agreement also centered on infrastructure. Anthropic said it had secured up to 5 gigawatts of capacity through the expanded Amazon partnership, while Amazon said more than 100,000 customers were already running Claude models on AWS. (anthropic.com) Dario Amodei, Anthropic’s chief executive, said in the Amazon announcement that demand required more infrastructure. “Our users tell us Claude is increasingly essential to how they work, and we need to build the infrastructure to keep pace with rapidly growing demand,” he said. (anthropic.com) ### What happens next in the reported round? May 2026 is the immediate timeline in the reporting. The Financial Times report said the deal could close as soon as this month, while Reuters on April 29 said Anthropic was expected to make a decision on the round and valuation at a board meeting in May. (cnbc.com) Additional investors were still being discussed, according to the Financial Times account summarized by Quartz and other follow-on reports. (aboutamazon.com) If Anthropic announces the financing, the next public details would likely include the final size of the round, the closing valuation, and which investors beyond Dragoneer, Greenoaks, Sequoia Capital and Altimeter joined the deal. (finance.yahoo.com) (economictimes.indiatimes.com) (anthropic.com)