Anthropic Aims for IPO with $1 Trillion

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Key Takeaways

1Anthropic has submitted a confidential IPO application to the SEC, aiming for a valuation close to $1 trillion.

2The company recently raised $65 billion, bringing its valuation to $965 billion, with major investors like Altimeter Capital and Sequoia Capital.

3Founded in 2021 by former OpenAI employees, Anthropic has seen its annual revenue exceed $47 billion, with rapid growth.

💡Why it matters — This IPO could redefine the AI technology landscape, positioning Anthropic directly against OpenAI in a race for valuation and innovation.

Anthropic Prepares for IPO

Anthropic, the artificial intelligence lab behind Claude, has officially filed a confidential initial public offering (IPO) application with the U.S. Securities and Exchange Commission (SEC). This announcement was made by the company in a blog post published on Monday.

Anthropic's valuation is estimated at nearly $1 trillion. However, the company has not yet disclosed the number of shares it plans to issue or set a price for them. The IPO will depend on market conditions and other determining factors.

Massive Funding Ahead of the IPO

This move comes shortly after Anthropic successfully raised $65 billion in a Series H funding round. This round was co-led by investment giants such as Altimeter Capital, Dragoneer, Greenoaks, Sequoia Capital, Capital Group, Coatue, and D1 Capital Partners. Thanks to this funding, the company's valuation reached $965 billion.

Competitive Context and Market Strategy

Anthropic's confidential filing occurs in a particularly active IPO environment, also marked by SpaceX's upcoming IPO, which aims for a valuation of $2 trillion and seeks to raise over $75 billion.

Choosing a confidential filing allows Anthropic to prepare its public offering without immediately disclosing detailed financial information, risks, or other sensitive internal data. If the company decides to proceed, it will need to submit an S-1 registration statement, which will provide comprehensive information about its finances, legal issues, risks, and the distribution of voting power holders.

Competition with OpenAI

Anthropic is preparing to go public while its main competitor, OpenAI, continues to raise funds. Last March, OpenAI raised $122 billion, reaching a post-money valuation of $852 billion, and also plans to go public. This situation promises an intense IPO season, pitting the two largest AI labs against each other.

Impressive Growth

Founded in 2021 by former OpenAI employees, Anthropic has established itself as a major player in the field of large language models. The company has attracted numerous enterprise clients thanks to its advanced technological capabilities and focus on enterprise services. This strategy has allowed Anthropic to achieve spectacular revenue growth, reaching an annual revenue of $47 billion, up from $9 billion at the end of 2025.

Anthropic plans to accelerate this growth by making its Mythos model more widely available. Introduced in April, Mythos has so far been accessible only in a limited capacity due to the discovery of several high-severity bugs requiring fixes before public release.

According to Bloomberg, Anthropic is set to grant the European Union's cybersecurity agency access to Mythos, which could mark a significant milestone in the expansion of its services.