VCs Offer Anthropic Funding at $800 Billion Valuation as Claude Revenue Hits $30 Billion Run Rate

Multiple venture capital firms have offered Anthropic a preemptive funding round valuing the company at $800 billion or more, according to Bloomberg via TechCrunch. The offers would more than double Anthropic’s $380 billion valuation from its $30 billion round in February. Anthropic has not accepted, per TechCrunch.

Revenue Growth Driving Demand

The investor appetite traces to Anthropic’s revenue trajectory. Run-rate revenue reached $30 billion as of the end of March, up from $9 billion at the end of 2025, Anthropic announced last week. Over 1,000 business customers now spend more than $1 million per year, a figure that doubled in less than two months, according to Business Insider.

On Caplight, a secondary exchange for privately held companies, Anthropic’s valuation has reached $688 billion, up 75% in three months, per Business Insider.

Agent Platform as Valuation Driver

The valuation surge coincides with Anthropic’s aggressive expansion of its agent product portfolio. In the past two weeks alone, the company released Claude Opus 4.7 (its most capable model, designed explicitly for long-horizon agentic work), shipped Claude Code desktop with parallel agent sessions, transitioned Claude Cowork to general availability with enterprise RBAC and OpenTelemetry, and launched Claude Managed Agents. Claude has led major AI model benchmarks as of March 2026, per Bloomberg via TechCrunch.

“They’re crushing it,” Jared Quincy Davis, founder and CEO of Mithril, said about Anthropic at HumanX, according to Business Insider.

Capital Position and IPO Talks

Anthropic has committed approximately $50 billion to build its own data centers, $30 billion to spend on Microsoft’s cloud, and spends billions annually on AWS, per TechCrunch. Unite.AI reported that Anthropic has held informal talks with Wall Street banks about a potential public listing as early as Q4 2026.

At $800 billion, Anthropic would approach the market capitalization of companies like Tesla and Meta. For comparison, OpenAI closed a $122 billion round last month at an $852 billion post-money valuation, per TechCrunch. The gap between the two companies’ valuations has compressed from more than 2x to near parity in under three months.

Anthropic declined to comment to both Bloomberg and TechCrunch.