Investors are scrambling for Anthropic – valuation is approaching $800 billion

Anthropic is generating new AI euphoria with record valuations and strong growth.

In recent weeks, Anthropic has had several offers from VCs on the table that value the company behind Claude at up to $800 billion, more than twice as much as it currently is. This is what several people who are close to the company say.

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IPO fantasy fuels the hype

Still, the valuations VCs are bringing into play show just how much demand there is in Silicon Valley for a stake in Anthropic, especially as the company prepares for a potential IPO later this year.

A spokesman for Anthropic declined to comment.

Rating: Upward rollercoaster

Anthropic closed a funding round led by GIC and Coatue in February that valued the company at $380 billion. That’s less than half the $852 billion valuation that OpenAI achieved in the funding round it closed last month.

On the secondary exchange Caplight, where investors can trade shares in unlisted companies, Anthropic is currently valued at $688 billion. This represents an increase of 75% in just three months.

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Claude Code as a secret star

Investors and founders are pretty excited about Anthropic’s rapid growth, and especially the momentum surrounding AI programming assistant Claude Code.

“They are simply unbeatable,” Jared Quincy Davis, founder and CEO of Mithril, an AI cloud platform, said of Anthropic at the HumanX AI conference last week.

Numbers that make VCs nervous

Anthropic’s run-rate revenue – the revenue a company expects to generate over a year – rose to $30 billion, up from $9 billion at the end of last year, the company announced last week. The company also said it now has over 1,000 business customers each spending more than $1 million a year – a number that has doubled in less than two months.

Myth: too dangerous for the public?

Last week, Anthropic unveiled its latest model, Mythos, which it says is so powerful that it cannot yet be released to the general public due to the risk of cyberattacks.

“The Mythos model is a huge deal,” Tomasz Tunguz, founder and general partner of Theory Ventures, said at HumanX last week. “The enthusiasm is enormous.”