Anthropic Prepares May Funding Round: Valuation Could Rise to $900B and Surpass OpenAI

Anthropic could receive a new valuation of $900 billion as early as May — higher than OpenAI's current valuation of $852 billion. If the round closes on these terms, the company will significantly strengthen its position in the race to lead generative AI.

Why the Valuation Is Rising

Back in February, Anthropic was valued at $350 billion. Since then, the startup has raised approximately $30 billion in capital and is now preparing its next step. Against this backdrop, talk of a $900 billion valuation looks not just like another impressive figure, but a reflection of how rapidly investors are raising the stakes on the largest AI model developers.

For the private market, this is a very aggressive pace: in just a few months, the valuation could more than double and a half. What matters too is that this isn't only about money already raised. The valuation in such rounds shows how much the market is willing to pay for future growth, technological leadership, and the chance to secure a dominant position in a new platform wave.

In Anthropic's case, based on these figures, investors appear to believe that the company is capable of continuing to scale and remaining among key players despite very intense competition.

The Effect of the May Round

The decision on the new round is expected to be made in May. If the parameters don't change, Anthropic will receive a $900 billion valuation and formally surpass OpenAI, whose current valuation is cited at $852 billion. For the industry, what matters is not just the size of the round itself, but the signal it sends: the market remains ready to invest tens of billions in a few leading teams, betting on their models, products, and infrastructure.

• Anthropic's February valuation — $350 billion
• Additional capital raised since February — approximately $30 billion
• Potential new valuation in May — $900 billion
• Reference for comparison: OpenAI — $852 billion

The difference between $900 billion and $852 billion at this level no longer looks gigantic, but symbolically it is very noticeable. The private market loves hierarchy: whoever is valued higher is perceived as a stronger candidate for leadership in the next cycle. That's why the very possibility of overtaking OpenAI will be discussed as much as the volume of new capital. For Anthropic, this is a way to cement its image as a first-tier company, not just one of several notable competitors.

The Race with OpenAI

The comparison with OpenAI is particularly telling here. Not long ago, the very question of whether Anthropic could surpass the main symbol of the AI boom in valuation would have seemed overly bold. Now it's no longer an exotic scenario but a working hypothesis for the upcoming round.

This shows how much the market has narrowed to a group of favorites: capital is concentrating not just in AI generally, but in a few companies perceived as future infrastructure monopolies or at minimum essential platforms. At the same time, this dynamic also suggests inflated expectations. A $900 billion valuation is not just a compliment to Anthropic but a very high bar for future growth.

After such figures, the company will be expected not just to produce strong models but to be able to convert research into products, revenue, and sustainable advantage. Otherwise, the next financing round or possible public market exit will no longer look so unconditional.

What This Means

If the May round indeed goes through on the expected terms, Anthropic will establish itself not just as a major AI market player but as a company that investors are willing to rank above OpenAI in private valuation. For the industry, this is a signal that the race among leaders is entering a new phase: money continues to flow to the top of the market, and bets on a few strongest players are becoming even larger.