Update May 8:
According to the Financial Times, Anthropic's planned funding round is taking shape. The round aims to raise up to $50 billion, which would value the company at roughly $900 billion. Dragoneer, General Catalyst, and Lightspeed Venture Partners are among the interested investors. A deal is expected to close within two months.
Anthropic CFO Krishna Rao is leading the talks but hasn't finalized terms yet. According to the FT, Rao deliberately delayed the round until deals for compute capacity with SpaceX, Google, Broadcom, and AWS were in place, along with a new partnership with private equity firms.
The most notable new detail is the revenue figure: Anthropic's annualized revenue is on the verge of hitting $45 billion, according to the FT—a fivefold increase from $9 billion at the end of 2025. The FT points to Claude Code for developers and Cowork for less technical users as the main growth drivers.
At the same time, Anthropic has been struggling with capacity constraints that have disrupted customer operations in recent weeks. According to the FT, investors are looking to get in ahead of a potential IPO that could come as early as late this year.
