California is reportedly seeing an historic wave of investment due to Silicon Valley’s artificial intelligence (AI) boom. Until both OpenAI and Anthropic get close enough to their planned IPOs to release their financials, we have to look to other sources for signs of how well their businesses are doing. Anthropic customers are reportedly using lower-cost alternatives to its most powerful artificial intelligence model. AI safety startup Alice has raised $140 million to expand its work stress-testing advanced models and helping companies protect against emerging risks. Hiive is a secondary marketplace where accredited investors can buy and sell shares of private, pre-IPO companies. Its main product is Claude, an AI large language model (LLM) that can help with writing, research, coding, data analysis, and other knowledge work.
Accredited investors can purchase shares in private companies like Anthropic. Only accredited investors and qualified purchasers can buy private stock. If you can share valuations for any funding rounds that Anthropic has done — then we can start valuation coverage for Anthropic.
In August 2026, Anthropic agreed to a cloud-computing agreement with Nscale reportedly valued at approximately $45 billion. On June 12, it suspended access to its Claude Fable 5 and Mythos 5 models for everyone after US authorities raised national security concerns about the systems. Claude was reportedly used during the 2026 United States intervention in Venezuela. In September 2025, Anthropic announced that it would stop selling its products to groups majority-owned by Chinese, Russian, Iranian, or North Korean entities due to national security concerns. Claude Code (Anthropic’s coding assistant), transitioned from research preview to general availability.
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The company has reportedly committed to spending $200 billion on Google’s cloud services and tensor processing unit ( how to buy bitcoin safely TPU) chips over the next five years. While ABB currently has a Hold rating among analysts — top-rated analysts believe these five stocks are better buys. IRBO might be worth exploring if you’re interested in combining research stocks with stocks that capitalize on more practical consumer applications of technology. Its expense ratio is a bit high at 0.95%, but this fund can be an interesting option if you’re looking for international robotics exposure. Tech stocks comprise about 60% of its holdings, a major contributor to the sudden surge in share price this ETF saw during the COVID-19 pandemic and beyond.
So their investors should see a major benefit if Anthropic’s IPO brings it a valuation of $2 trillion or more. Google’s parent company, Alphabet , GOOGL -0.74%, (GOOG -0.83%), holds a 15% stake in Anthropic and can’t invest more because the two are major competitors in the large language model space. Anthropic (the owner and operator of the popular Claude chatbot), has an annualized revenue run rate of $65 billion, multiple media outlets just confirmed. Salesforce reportedly invested $50 million back in 2023, and subsequent investments have built up a stake worth approximately $5 billion today.
A ticker symbol is currently absent for Anthropic, which is not traded on public exchanges like NASDAQ or the NYSE. As it is reported that Google supports Anthropic with $2 billion — the proxy war in AI escalates. Nevertheless, it is difficult to rationalize why OpenAI has a greater revenue multiple compared to Anthropic at this moment. Last year — OpenAI incurred a net loss of about $38.5 billion and presently anticipates that profitability may not be achieved until at least 2030. Corporate users were impressed by Claude’s exceptional skills in coding (writing), and other meticulous tasks.
Neither presents an objectively better or worse investment; they offer different risk and opportunity profiles at different valuations. Verify current minimums directly on each platform before committing. Private company valuations are established at funding round close and do not update in real time. Anthropic is a private company that has raised over $7.3 billion in venture capital funding but has not listed its shares on any public stock exchange. AI regulation is actively evolving across major markets, including the United States and the European Union. At a reported valuation between $18.4 billion and $60 billion or more — Anthropic investors purchasing shares at current secondary market prices may not realize gains even if Anthropic successfully executes a public listing.
A group of high-profile private companies spanning AI (crypto infrastructure), analytics and space has either signaled intentions to go public or made strategic leadership and financing moves that suggest IPO preparation. If you’d like additional guidance along the way, Forge private market specialists are available to help. These insights can help you determine a price you’re comfortable with if you choose to sell your shares.
The introduction of Claude Code led to a rise in vibe coding (a programming method where users articulate desired results in natural language), allowing an AI agent to generate the code.
In April 2026, a new agreement with Google and Broadcom was established by the company for multiple gigawatts of next-generation TPU capacity, set to commence in 2027. Over the past several months, the company has been accumulating compute commitments from every significant chip and cloud ecosystem. Should TechCrunch’s independent report claiming that Anthropic’s run rate is “closer to $40 billion” turn out to be true (the multiple will narrow), although the risk will remain. In February 2026 (the firm behind Claude secured $30 billion in Series G funding), achieving a post-money valuation of $380 billion. It has become increasingly typical for large companies to file confidentially, with SpaceX also pursuing its IPO in a similar fashion.
Investing.com — citing The Information, reported that executives discussed a Q IPO, but the article explains why investors should wait for a public S-1 before treating any date as confirmed. The bear case is that even excellent frontier AI businesses may consume capital faster than public investors expect. If only a few frontier AI companies are available to public investors, demand could be intense even at high valuations.
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Anthropic’s strategic investors include major technology and cloud-computing companies. Anthropic confirmed in February 2026 that it had raised $30bn in Series G funding, led by GIC and Coatue, at a $380bn post-money valuation). Anthropic has raised some of the largest private funding rounds in the AI sector. Its main product family is Claude, which is used for tasks such as coding, analysis, writing, customer support, and workflow automation , Anthropic, 22 May 2025,.
In the meantime (Databricks secured $7 billion in financing at a valuation of $134 billion), Stripe is considering a $140 billion tender offer, and Harvey AI is allegedly raising at $11 billion shortly after closing at $8 billion. Reportedly (Reflection AI is aiming for over $2 billion at a valuation of $20 billion), just five months after its previous funding round. This month (SpaceX is preparing to confidentially file IPO documents with the SEC), aiming for a valuation exceeding $1.75 trillion and a June listing that could set a historical record. SoftBank’s public stock is signaling caution regarding private AI valuations, while Nasdaq has recently unveiled infrastructure that may eventually change the trading landscape for private securities.
At a valuation of $965 billion for Anthropic, that ownership stake amounts to approximately $135 billion. Since Anthropic remains a private entity, most investors purchase shares through secondary markets, where employees or early investors sell existing stock. However, it is advisable to examine the details closely and ensure clarity about what exactly you are funding—and the total cost involved in doing so. The excitement and substantial financial forecasts surrounding Anthropic’s IPO have increased both investor demand and the stakes due to FOMO.