source: techcrunch ai: anthropic files to go public
level: business
anthropic, the ai company behind the claude model, has confidentially filed for an initial public offering. the company submitted a draft registration statement to the u.s. securities and exchange commission. the number of shares and price range have not been set. the ipo will depend on market conditions. this move comes less than a week after anthropic raised $65 billion in a series h round, pushing its valuation to $965 billion. the round was co-led by altimeter capital, dragoneer, greenoaks, sequoia capital, capital group, coatue, and d1 capital partners.
the filing lands in a busy ipo period that includes spacex targeting a $2 trillion valuation. a confidential filing lets anthropic prepare without disclosing detailed financials publicly. if it proceeds, an s-1 document will reveal financials, risks, and voting power. anthropic's rival openai is also expected to file for an ipo soon, after raising $122 billion in march at an $852 billion valuation. the two ai labs will compete for investor attention, testing market interest in artificial intelligence.
anthropic was founded in 2021 by former openai employees and was once seen as an underdog. it has grown by focusing on enterprise services, with a revenue run-rate surpassing $47 billion, up from $9 billion at the end of 2025. growth may accelerate as its mythos model becomes more widely available. mythos was previewed in april but access remains restricted due to discovered bugs. anthropic is reportedly giving the eu cybersecurity agency access to mythos.
why it matters: the ipo signals a major shift in ai commercialization, affecting investment trends and competition in the enterprise ai market.