Anthropic · Claude · Dario Amodei · Compute · OpenAI · Crypto Briefing
Anthropic seeks $2 trillion valuation in IPO amid surging costs
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Anthropic / Wikimedia Commons (Public domain)
Key facts
- Anthropic’s revenue grew nearly 12-fold in 2025, climbing from roughly $386 million in 2024 to approximately $4.6 billion
- Anthropic’s revenue run rate jumped from around $9 billion at the end of 2025 to more than $65 billion by July 2026
- The company’s most recent private fundraise, a Series H round in May 2026, brought in $65 billion at a post-money valuation of $965 billion
- The Claude maker's confidential IPO filing could produce the largest public offering in history, even as the company burned through $42 billion in 2025
Summary
The Claude maker's confidential IPO filing could produce the largest public offering in history, even as the company burned through $42 billion in 2025. Anthropic, the AI lab behind the Claude family of models, has confidentially filed for a US initial public offering targeting a valuation north of $2 trillion. The company is simultaneously in discussions to raise more than $100 billion through the offering. Anthropic’s revenue grew nearly 12-fold in 2025, climbing from roughly $386 million in 2024 to approximately $4.6 billion. Anthropic’s revenue run rate jumped from around $9 billion at the end of 2025 to more than $65 billion by July 2026.