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

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 refutilized 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 rapid 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 largegest in private tech history. The main reason for this demand is its rapid-growing revenue.

Fast revenue growth

Anthropic’s revenue reached about $9 billion by the conclude 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 rapid. 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 large reason is its new AI model called Mythos.

Mythos was launched on April 7 as a cybersecurity-focutilized AI system. It has attracted attention from US government officials and large tech leaders. It has also led to meetings with bank executives. The company now necessarys a lot more computing power to run Mythos. The White Houtilize 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 utilizers are added.

Big tech support money

Anthropic has already secured large 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 necessarys more compute to scale Mythos. The new funding will support them directly purchase 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 build it one of the largegest 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 becautilize private funding rounds are usually priced higher. The large question now is whether Anthropic can keep growing this rapid. The board’s decision in May will be very important. Future public investors will also decide if this valuation is justified.