VCs break through the threshold; Anthropic is highly sought after, with its valuation reaching $800 billion, coming close to OpenAI.

Investors are using real money to price Anthropic’s AI story. According to an April 15 report by Business Insider, citing several sources, Anthropic has received unsolicited investment offers from multiple venture capital firms in recent weeks, with bids corresponding to a valuation as high as $800 billion—more than double its $380 billion valuation after its most recent fundraising round in February. It is worth noting that popular startups often refuse to accept “preventive offers” from investment firms, which is not uncommon in the industry. However, the series of offers themselves already clearly reflect the intensity of competition for Anthropic’s shares in Silicon Valley—especially as the company prepares for a potential IPO later this year. Anthropic’s spokesperson declined to comment. Secondary Market Leads, Valuation Up 75% in Three Months Beyond the primary market bids, data from the secondary market tells the same story. On the private equity secondary trading platform Caplight, Anthropic’s share valuation has reached $688 billion, up 75% from three months ago. By comparison, OpenAI’s funding round last month corresponded to a valuation of $852 billion. The gap between Anthropic’s current secondary market valuation and that of OpenAI has narrowed significantly. Revenue Boom, Growth Data as Core Catalyst Driving the surge in valuation is a set of growth numbers that investors can hardly ignore. Last week, Anthropic announced that its annualized revenue had jumped from $9 billion at the end of last year to $30 billion. Meanwhile, the number of enterprise customers spending more than $1 million annually has surpassed 1,000, and this number has doubled in less than two months. Jared Quincy Davis, founder and CEO of AI cloud platform Mithril, said at the HumanX AI industry summit last week, “They’re on a strong trajectory.” One of the key engines of this growth is the enterprise demand driven by Anthropic’s AI programming assistant, Claude Code. New Model “Mythos” Draws Market Attention Just last week, Anthropic released its latest model, Mythos. The company stated the model is powerful, but due to risks of cyberattacks, it is not yet open to the public. Tomasz Tunguz, founder and general partner at Theory Ventures, said at the HumanX summit, “The Mythos model is significant, and the market is extremely excited about it.” This sentiment further reinforced the market’s expectations of Anthropic’s technological competitiveness. Valuation Logic: IPO Expectations Combined with Growth Story Overall, the logic driving VC firms to bid for Anthropic is not complicated: rapidly growing revenue, a quickly expanding base of enterprise customers, competitive new models, and expectations for liquidity as the IPO window approaches. The $800 billion offer remains a proactive bid by investment firms, and Anthropic has not yet accepted. But this figure has already become a new benchmark for measuring the hype around AI unicorns in the market. Risk Warning and Disclaimer The market has risks, and investment should be approached cautiously. This article does not constitute personal investment advice and does not take into account the specific investment goals, financial situation, or needs of individual users. Users should consider whether any opinions, viewpoints, or conclusions contained herein fit their particular circumstances. Investing based on this information is at your own risk.