From $61 billion to $900 billion in just 14 months - the insane story in tech: Anthropic could dethrone OpenAI as the most valuable startup

Synopsis

Anthropic is seeing very fast growth and may reach a huge $900 billion value soon. The AI company is getting strong investor interest due to rising revenue and new technology. It is also preparing for a possible IPO in 2026. This growth is putting pressure on other AI companies and raising big questions about future market competition and sustainability.

Anthropic is planning a new funding round at a value of more than $900 billion. The talks are still early and no deal has been final yet. The company has refused to comment on these funding discussions. A final decision will be taken by the board in May 2026. If this deal happens, Anthropic could become the most valuable private AI company. It would beat OpenAI, which is currently valued at $852 billion.

Anthropic’s valuation has grown extremely fast in just 14 months. Its value was $61.5 billion in March 2025, as noted by The Next Web. It jumped to $183 billion by September 2025. It increased again to $380 billion in February 2026. Now it is aiming for more than $900 billion in May 2026. The company raised $30 billion in February 2026. That funding round was already one of the biggest in private tech history. The main reason for this demand is its fast-growing revenue.

Fast revenue growth

Anthropic’s revenue reached about $9 billion by the end of 2025. It jumped to around $30 billion by March 2026. The company has confirmed it has crossed $30 billion in annual revenue. No US tech company has ever grown revenue this fast. Around 80% of its revenue comes from business customers. More than 1,000 companies are paying over $1 million every year for its services. Another big reason is its new AI model called Mythos.

Mythos was launched on April 7 as a cybersecurity-focused AI system. It has attracted attention from US government officials and big tech leaders. It has also led to meetings with bank executives. The company now needs a lot more computing power to run Mythos. The White House has concerns about expanding Mythos access. The concern is that Anthropic does not have enough computing power. There is a risk it could affect government access if more users are added.

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Big tech support money

Anthropic has already secured big support from Amazon. Amazon plans to invest up to $25 billion and provide compute capacity, as cited by The Next Web. The company has also partnered with Google. Google has committed up to $40 billion and more computing power. Even with this, the company still needs more compute to scale Mythos. The new funding will help them directly buy more computing resources.

IPO plan coming soon

Anthropic is also preparing for a public listing. The IPO could happen as early as October 2026, as noted by Bloomberg. This funding round could be its last before going public. The company is in talks with major banks for the IPO. These include Goldman Sachs. Also JPMorgan Chase. And Morgan Stanley. The IPO could raise around $60 billion. A $900 billion valuation would make it one of the biggest IPOs ever. It would also increase pressure on OpenAI.

OpenAI is also expected to go public in 2026. Some investors are already questioning OpenAI’s valuation. Anthropic’s shares were already trading near $1 trillion value in secondary markets, as stated by The Next Web. This happened due to strong demand and limited shares. The $900 billion funding would actually be slightly lower than that market value. This is unusual because private funding rounds are usually priced higher. The big question now is whether Anthropic can keep growing this fast. The board’s decision in May will be very important. Future public investors will also decide if this valuation is justified.

FAQs

Q1. What is Anthropic’s latest valuation?

Anthropic is planning a funding round that could value it at over $900 billion, according to Bloomberg.

Q2. Can Anthropic become bigger than OpenAI?

Yes, if the deal happens, it could surpass OpenAI’s $852 billion valuation.

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