Sources close to the situation indicate that Anthropic is requesting investors to provide allocations for the AI firm’s most recent fundraising effort within the upcoming 48 hours. This financing round, which TechCrunch has reported to be approximately $50 billion, is anticipated to conclude within a fortnight, the sources noted.

As previously mentioned, Anthropic aims for a valuation around $900 billion. However, with the heightened interest from investors eager to acquire a share in the firm, the ultimate valuation could potentially surpass that amount, our sources disclosed.

Anthropic chose not to provide a statement.

In spite of the significant interest, certain early investors — especially those who contributed in 2024 or earlier — are opting out of this round. These backers prefer to hold off in hopes of cashing in at Anthropic’s expected IPO later this year.

The company is likely conducting its final private funding round prior to going public to support its substantial computing requirements.

This month, Anthropic revealed that its annual revenue run rate has exceeded $30 billion. Nevertheless, as previously pointed out, the current run rate is believed to be closer to $40 billion, according to individuals familiar with the company’s financials.

Anthropic’s last funding round took place in February at a $380 billion valuation. A valuation of $900 billion would not only more than double its worth but would also surpass its main competitor, OpenAI, which recently concluded a landmark $122 billion round at an $852 billion post-money valuation.

Reporting by Jagmeet Singh.