Anthropic plans $50B raise at $900B valuation, with $45B annualized revenue — up 5x from 2024. IPO under consideration.

Anthropic is raising up to $50 billion at a roughly $900 billion valuation, per the Financial Times. Annualized revenue hit $45 billion — a fivefold increase from $9 billion at the end of 2024.

Key facts

$50B target raise at ~$900B valuation.

$45B annualized revenue, up from $9B in late 2024.

5x revenue growth in 18 months.

Investors: Dragoneer, General Catalyst, Lightspeed.

IPO considered as early as late 2026.

The round, led by Dragoneer, General Catalyst, and Lightspeed Venture Partners, is expected to close within two months.…