Anthropic Reaches $380B Valuation, Third Most Valuable Private Company Amid IPO Race

Anthropic, the San Francisco-based AI firm behind the Claude chatbot, announced a valuation of $380 billion, joining OpenAI and xAI as the top private AI/startup trio under scrutiny for potential IPOs in 2026. The valuation followed a $30 billion funding round led by GIC and Coatue, with commitments from Nvidia, Microsoft, Amazon, and Google. Microsoft’s $30 billion cloud computing investment is part of a long-term supply agreement, while Anthropic is on track for $14 billion in annual sales over the next 12 months. Private investment has outpaced public scrutiny, with the company not yet profitable but focusing on enterprise-grade AI tools and safety of AGI. The IPO race could bring significant fundraising and visibility, but public markets will intensify pressure on financials and business models.