Other investors
Lead and named investors across the priced rounds.
- Jaan Tallinn
- Sam Bankman-Fried
- Spark Capital
- Menlo Ventures
- Lightspeed Venture Partners
- ICONIQ
- GIC
- Coatue
- Altimeter
- Dragoneer
- Greenoaks
- Sequoia
- Fidelity
- SK Telecom
Anthropic's IPO and funding
Where the listing stands, what Anthropic is worth, how fast revenue is growing and who has put money in. Press reports are marked separately from figures Anthropic or an investor confirmed.
$965B
post-money, Series H
$65B
run-rate, Jul 2026
$16.8B
revenue, Q3 2026
$113B
raised in priced rounds
Filed
confidentially, per Reuters
01
IPO status
What major outlets have reported. As of this update there is no public S-1 on the SEC's EDGAR, and Anthropic has not announced a listing date.
Hired the law firm Wilson Sonsini to prepare for a possible IPO, the Financial Times reported.
Sources1reuters.comConfidentially filed for a U.S. IPO, Reuters reported.
Sources1reuters.comReuters reported on the prospectus: a listing that could value Anthropic at more than $2 trillion.
Sources1reuters.comAt an investor day, Anthropic said third-quarter revenue rose 45% to $16.8 billion. Some investors discussed a valuation nearer $1.5 trillion.
Sources1reuters.comListing reported for November on Nasdaq. Not confirmed by the company.
Sources1cnbc.com
02
Valuation
From $61.5B at the Series E in March 2025 to $965B at the Series H in May 2026, about 16 times higher in fourteen months.
Swipe for earlier dates
03
Revenue
Annualized revenue run-rate at each point Anthropic stated it, plus one press report (hollow point): $1B in January 2025, $65B by Jul 2026, about 65 times higher.
Swipe for earlier dates
$11.6B
revenue in Q2 2026 (reported).
$16.8B
revenue in Q3 2026, as Anthropic told investors at its investor day.
Sources1reuters.com
04
What investors paid per dollar of revenue
Each priced round's valuation divided by the latest revenue run-rate Anthropic stated before it. The multiple fell from about 62 times at the Series E to about 21 times at the Series H: revenue grew faster than the price. Autumn's calculation from the figures above.
- Series EMar 202562×$61.5B ÷ $1B
- Series FSep 202537×$183B ÷ $5B
- Series GFeb 202627×$380B ÷ $14B
- Series HMay 202621×$965B ÷ $47B
05
Funding rounds
7 priced rounds, $113B raised in total. The Series H alone was $65B. A $750M Menlo-led round was reported in December 2023 as in talks; our sources do not confirm it closed, so it is not counted.
- May 2021Series AValuation Not disclosedLed by Jaan TallinnSources1anthropic.com
- Apr 2022Series BValuation Not disclosedLed by Sam Bankman-FriedSources1anthropic.com
- May 2023Series CValuation Not disclosedLed by Spark CapitalSources1anthropic.com
- Dec 2023Menlo-led roundin talks, reportedValuation $18.4B (talks)Led by Menlo VenturesSources1reuters.com
- Mar 2025Series EValuation $61.5BLed by Lightspeed Venture PartnersSources1anthropic.com
- Sep 2025Series FValuation $183BLed by ICONIQSources1anthropic.com
- Feb 2026Series GValuation $380BLed by GIC and CoatueSources1anthropic.com
- May 2026Series HValuation $965BLed by Altimeter, Dragoneer, Greenoaks and SequoiaSources1anthropic.com
06
Who owns Anthropic
Strategic investors and what each has announced. Anthropic does not publish its cap table; percentage stakes are mostly unreported.
AmazonUp to $13 billion announced in three tranches, plus up to $20 billion more tied to milestones≤ $4B$4B$5B+$20B possible
GoogleRoughly $3.3 billion over three deals, including up to $2 billion paid over time; all three are press reports≤ $2B
Nvidia and MicrosoftUp to $15 billion combined≤ $15B
Show every tranche
Amazon
- Sep 2023Up to $4 billion; AWS becomes the primary cloud providerSources1anthropic.com
- Nov 2024Another $4 billion, bringing the total to $8 billionSources1anthropic.com
- Apr 2026$5 billion, with up to $20 billion more tied to commercial milestonesSources1aboutamazon.com
- MilestonesUp to $20 billion more, tied to milestonesSources1aboutamazon.com
- 2022About $300 million for a reported 10% stake ReportedSources1theverge.com
- Oct 2023Up to $2 billion: $500 million upfront and $1.5 billion over time ReportedSources1reuters.com
- Jan 2025More than $1 billion more ReportedSources1reuters.com
Nvidia and Microsoft
- Nov 2025Up to $10 billion from Nvidia and up to $5 billion from MicrosoftSources1axios.com
07
Co-founders' net worth
Forbes' real-time estimates for seven of the eight co-founders, as of 2026-10-16 to 2026-10-18. Forbes puts each at the same figure; Anthropic has not published founder stakes, and these are estimates, not disclosed holdings.
| Co-founder | Forbes estimate | Source |
|---|---|---|
 Dario Amodei | $15.5B | Sources1forbes.com |
 Daniela Amodei | $15.5B | Sources1forbes.com |
 Jared Kaplan | $15.5B | Sources1forbes.com |
 Jack Clark | $15.5B | Sources1forbes.com |
 Chris Olah | $15.5B | Sources1forbes.com |
 Sam McCandlish | $15.5B | Sources1forbes.com |
 Tom Brown | $15.5B | Sources1forbes.com |
Ben Mann, the eighth co-founder, has no Forbes profile. We don't estimate what employees will make in the IPO: individual equity isn't public.
08
More on Anthropic
The peopleAnthropic's leadership team and org chartAn org chart of the co-founders, the executive team and the researchers behind Claude, with a profile for each.Open →The talentWhere Anthropic's people came fromThe OpenAI founding wave, the later DeepMind wave, the Stripe pipeline into leadership and the YC founders who joined.Open →The papersThe research papers behind AnthropicWho wrote the GPT-3 paper, the scaling laws and RLHF: every author of ten AI research papers from 2016 to 2020, and who later joined Anthropic.Open →
09
How we made this
Research task CompletedPrompt
Build a dated timeline of Anthropic's (the AI company that makes Claude) funding, valuation, ownership and growth from its founding in 2021 to today (October 2026)… every equity funding round… strategic investments and compute deals… employee tender offers… reported IPO steps… only if reported by a primary source or a major outlet… a credible source for every row…
- Deals
- 15
- Events found
- 47
- Sources
- 26