Anthropic Jumps to $900B Valuation Above OpenAI’s $852B as Cyber Race Heats Up

Anthropic is in talks to raise fresh funding at a valuation of around $900 billion. This move would place it ahead of OpenAI for the first time. The potential jump in the Anthropic valuation comes just two months after it was valued at $380 billion. Discussions are still ongoing, and no term sheet has been finalized. But investor interest has picked up quickly as the company’s revenue and product demand continue to grow.

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Revenue Hits $30B Annualized as Claude Maker Seeks $50B Round Driven by Mythos Model

Sources say Anthropic is considering a funding round of $40 billion to $50 billion. A final decision is expected at a board meeting in May. New reports revealed that the company has received multiple offers, though it has not accepted any yet.

Anthropic recently said its annualized revenue reached $30 billion. This is up from about $10 billion in 2025. Some estimates suggest the figure is already closer to $40 billion. Growth has been driven largely by its AI coding tools. It includes Claude Code, which is seeing increased enterprise adoption.

Meanwhile, the company’s newer cybersecurity AI model, Mythos, has played a role in attracting both investors and customers. The model is being tested by a limited group of companies due to its capabilities. Reports show that it has also led to meetings involving US officials and financial institutions.

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Big Tech Backing and Compute Demand

Anthropic has secured strong backing from major tech companies. Amazon has committed up to $25 billion and is providing large-scale compute capacity. Google has also pledged up to $40 billion, along with additional infrastructure support through partners.

These investments show the high cost of running advanced AI systems and the growing importance of infrastructure in the sector.

In addition, investor demand for AI stocks linked to infrastructure and enterprise tools has remained high. According to reports, interest in this round is strong enough that some large investors are struggling to secure allocations.

At the same time, market concentration is rising. Data shows AI-related companies now account for about 41% of the S&P 500. These are levels similar to past market peaks. If completed, the new round would mark a major shift in the competitive balance between Anthropic and OpenAI. It would point out how quickly the cybersecurity AI segment is gaining traction.

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