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Sources: Anthropic could raise a new $50B round at a valuation of $900B

Investor interest in Anthropic has reached a feverish pitch.

The maker of the Claude AI assistant has received multiple preemptive offers to raise fresh capital of around $50 billion at a valuation in the $850 billion to $900 billion range, according to half a dozen sources familiar with the matter. Bloomberg and Business Insider reported earlier this month that Anthropic received multiple preemptive bids at an $800 billion valuation, but at that time, the company had not yet committed to a fundraise.

Sources say, however, that Anthropic is finding it difficult to resist the pressure to secure more funding in what could be its final round of private fundraising before a potential IPO. The company is expected to make a definitive decision on the round and its valuation at a board meeting in May, one person told TechCrunch.

The round is expected to total $40 billion to $50 billion, according to people familiar with the company. But investor demand appears to be much higher given the company’s rapid growth, which shows no sign of slowing. Investors are clamoring to get into the round. One institutional investor prepared to commit as much as $5 billion has yet to secure a meeting with Anthropic CFO Krishna Rao, according to a source.

Anthropic announced this month that its annual revenue run rate has surpassed $30 billion, which is a dramatic increase from roughly $9 billion at the end of 2025. The company’s run rate is currently closer to $40 billion, one of the people with knowledge of the company’s financials said.

Anthropic declined to comment.

A large portion of that revenue is driven by Anthropic’s AI coding capabilities, specifically through its Claude Code and Cowork platforms. Many investors believe the company is only scratching the surface of its potential, given the massive opportunity to expand its offerings into new industries, including finance, life sciences, and healthcare.


Anthropic raised its last round at a $380 billion valuation in February. If the company proceeds with another fundraise at the terms described by TechCrunch’s sources, it will not only more than double its valuation but also match or surpass that of its chief rival. Also in February, OpenAI closed a record-breaking $122 billion round at an $852 billion post-money valuation.

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    The Sham Shaman

    In 1968, a graduate student in anthropology at the University of California, published a book that would reshape the publishing world. Titled The Teachings of Don Juan: A Yaqui Way of Knowledge. The book purported to be a faithful academic field report by Carlos Castaneda detailing his apprenticeship under an elderly Yaqui shaman named Don Juan Matus in the Mexican desert. Castaneda’s account became an overnight sensation as it blended desert mysticism, hallucinogenic plant rituals, and philosophical paradoxes. It sold millions of copies, earning him a doctorate from UCLA. This success made him a guru to icons like Bob Dylan, John Lennon, and Octavio Paz. A Life Built on Fabrications Long before he wrote about desert sorcery, Castaneda had mastered the art of reinventing himself. Born César Carlos Salvador Arana in Peru in 1925—the son of a humble watchmaker—he routinely rewrote his origin story. He claimed to have been born in Brazil, shaved years off his age, and concocted wild tales of fighting as a soldier in North Korea or working as a border spy. In reality, he fled Peru after fathering a child at thirteen, eventually making his way to Los Angeles in the 1950s. Ground-breaking Anthropological Discoveries. Yet beneath the celebrated field notes lay one of the most audacious literary fabrications in modern history. Don Juan Matus was not a real person. The desert apprenticeships never took place. Castaneda was not a devoted field researcher. He was a master illusionist who deceived prestigious academics and eager seekers alike. When Castaneda enrolled at UCLA, he found an academic environment eager for authentic indigenous wisdom and existential insight. Synthesizing disparate ideas into a singular narrative, he assembled Don Juan’s philosophical worldview by freely borrowing from European philosophy, Buddhist theology, ethnomethodology, and popular horror fiction. To his impressionable professors, the resulting texts appeared to be ground-breaking anthropological discoveries. Unraveling the Hoax While Castaneda’s books topped bestseller lists throughout the late 1960s and 1970s, critical cracks in his story soon began to widen into chasms. Skeptical researchers and anthropologists began scrutinizing the timeline and claims in his field notes. Archive Contradictions: UCLA library records revealed that on dates Castaneda claimed to be in the Sonoran desert learning shamanic secrets, he was actually signed into the university library reading room. Botanical and Cultural Errors: Experts on Yaqui culture noted that the spiritual concepts and language attributed to Don Juan bore almost no resemblance to authentic Yaqui traditions or language structures. Philosophical Echoes: Literary sleuths discovered that Don Juan’s most profound dialogues were near-verbatim adaptations of modern academic sociology and Western philosophical texts. Despite being systematically exposed by critics, Castaneda maintained his mystique. He avoided photo shoots, refused interviews, and cultivated an aura of secretive invulnerability. He also assured his devotees that any perceived discrepancies were simply part of a sorcerer’s duty to erase his personal history. The Guru’s Reclusive Cult and Legacy As public acclaim gave way to scholarly embarrassment, Castaneda retreated further into reclusiveness. In the 1990s, he launched a movement called Tensegrity. He promoted a series of physical movements he claimed were ancient Toltec magical passes. Critics quickly noted their striking resemblance to modern martial arts taught by a local Santa Monica instructor. Surrounding himself with a inner circle of devout disciples in Los Angeles, Castaneda governed his group with increasing paranoia until his death from cancer in 1998. Anthropology’s Ultimate Trickster Ultimately, Carlos Castaneda remains a complex figure in cultural history. His anthropological credentials were exposed as entirely fraudulent. His writings captured the yearning of an era desperate for spiritual transcendence beyond traditional structures. He stands as anthropology’s ultimate trickster. He’s a man who turned a fictional thesis into a million-dollar empire and proved that, given the right narrative, millions of people will gladly step through the looking glass.

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