Anthropic has submitted a confidential draft registration statement to the U.S. Securities and Exchange Commission (SEC), marking a significant step toward a potential initial public offering (IPO). This move follows a $65 billion Series H funding round that valued the company at $965 billion, the company announced this week.
The confidential filing allows Anthropic to prepare for an IPO while keeping detailed financial information, risks, and ownership structures private until the SEC completes its review. The company has not yet decided on the number of shares or the offering price and will base its decision on market conditions and other factors. The funding round included investors such as Altimeter Capital, Dragoneer, Greenoaks, Sequoia Capital, Capital Group, Coatue, and D1 Capital Partners, according to medianama.com.
Founded in 2021 by former OpenAI employees, Anthropic has grown rapidly, driven by the success of its Claude AI models and coding-focused products. Its annualized revenue run rate recently crossed $47 billion, up from about $9 billion at the end of 2025, fueled largely by demand for AI coding tools and enterprise services. The company is positioning itself as a major competitor to OpenAI in the AI market.
Anthropic's confidential SEC filing sets the stage for a public debut, pending regulatory review and market conditions. The company’s $65 billion funding round and near $1 trillion valuation highlight its rapid growth and strong investor confidence, as reported by medianama.com.