Title: Anthropic Submits Confidential IPO Filing

Anthropic, the artificial intelligence laboratory responsible for developing the Claude model, announced Monday that it has confidentially submitted a draft registration statement to the U.S. Securities and Exchange Commission (SEC) for a potential initial public offering. The company, currently valued at approximately $965 billion, has not yet disclosed the number of shares to be offered or the offering price. According to the firm’s blog post, the decision to proceed with the IPO remains contingent on prevailing market conditions and various other factors.

This regulatory move follows closely on the heels of a massive Series H funding round completed less than a week prior, which raised $65 billion and catapulted Anthropic’s valuation to $965 billion. The investment round was co-led by Altimeter Capital, Dragoneer, Greenoaks, Sequoia Capital, Capital Group, Coatue, and D1 Capital Partners, drawing in a wide array of institutional and strategic backers who were positioning themselves in anticipation of the company’s public debut.

The filing arrives during a highly competitive IPO season, marked notably by SpaceX’s efforts to go public with a target valuation of $2 billion and a goal to raise over $75 billion. By utilizing the confidential filing process, Anthropic can prepare for a public listing without immediately revealing sensitive financial data, operational risks, or internal business specifics. This approach allows the company to assess the opportunity privately, away from intense public scrutiny. Should Anthropic decide to move forward, it will subsequently file an S-1 registration document, which is required to provide comprehensive details regarding the firm’s financial health, legal issues, risk factors, and voting power distribution.

The timing of Anthropic’s filing coincides with similar preparations by its chief rival, OpenAI. OpenAI recently secured a $122 billion funding round in March at a post-money valuation of $852 billion and is widely expected to file for its own IPO soon. This dual trajectory sets the stage for a pivotal moment in the tech industry, where the two leading AI laboratories will compete for public market attention, testing investor appetite and confidence in the artificial intelligence sector.

Once viewed as an underdog in the large language model landscape, Anthropic has evolved into a dominant force, securing high-profile enterprise clients and demonstrating significant growth. Founded in 2021 by former OpenAI staff, the startup was initially seen as a distant challenger to OpenAI and its ChatGPT product. However, its expanding capabilities and enterprise-focused strategy have attracted substantial investor interest and customer adoption.

This momentum is reflected in the company’s financial performance. Anthropic recently reported that its annualized revenue run-rate has exceeded $47 billion, a sharp increase from the $9 billion recorded at the end of 2025. This growth trajectory may accelerate as the company prepares to release its Mythos model more broadly. Although Anthropic previewed Mythos in April, access has remained restricted due to the discovery of thousands of high-severity bugs that require resolution before a public release. Additionally, Bloomberg reported on Monday that Anthropic is expected to grant the European Union’s cybersecurity agency early access to the Mythos model.

Source: TechCrunch Generated at: 2026-06-01 16:36:55 UTC