Anthropic Targets $150 Billion Valuation in New Funding Drive

Anthropic, the AI company behind the Claude language model, is in early talks to raise between $3 billion and $5 billion at a valuation that could exceed $150 billion. The potential round would more than double its last valuation and signal a dramatic shift in global AI capital flows, driven by surging demand and strategic Gulf funding.

Rapid Valuation Surge Reflects Market Momentum

In March 2025, Anthropic closed a $3.5 billion Series E led by Lightspeed Venture Partners at a $61.5 billion post-money valuation, with participation from major backers including Google and Amazon. The company has since seen its annual recurring revenue rise from approximately $1 billion to over $4 billion, according to sources familiar with internal metrics. Based on that growth, Anthropic is now targeting a valuation in excess of $150 billion.

The latest funding discussions reportedly involve Abu Dhabi’s MGX and other sovereign-linked investors from the Gulf, underscoring a broader realignment of capital toward AI infrastructure and compute-heavy models.

Strategic Capital Sourcing and Infrastructure Alignment

CEO Dario Amodei has previously raised concerns about accepting funds from authoritarian regimes, noting in internal communications the ethical risks of “enriching dictators.” However, those concerns appear to be softening. Anthropic is now exploring capital structures that preserve full operational control while accessing high-capacity infrastructure in the Middle East.

The move would align Anthropic with Gulf-region AI initiatives such as the UAE’s Stargate and Saudi Arabia’s Humain, both of which are rapidly scaling compute capabilities with sovereign backing. The funding could help Anthropic secure access to low-cost, high-throughput data centers critical for large-scale model development.

Implications for Markets and AI Equity Themes

A $150 billion valuation would make Anthropic one of the most valuable private tech companies globally—behind only OpenAI, which reached a $157 billion valuation in 2024. While Anthropic remains unprofitable, investors point to its explosive revenue growth and expanding enterprise client base as justification for the aggressive multiple.

The capital infusion and potential regional partnerships carry implications for public markets. Chipmakers like NVIDIA and AMD, as well as hyperscalers like AWS and Microsoft Azure, stand to benefit from expanded AI training demand. At the same time, sovereign wealth flows into AI infrastructure signal geopolitical bets that could influence equity flows and regulatory oversight in the West.

Governance, Reputational Risk, and Regulatory Watchpoints

Anthropic’s potential acceptance of Gulf funding has sparked internal debate and external scrutiny. While no board seats or direct governance changes are reportedly on the table, critics warn that even minority stakes can shape strategic decisions over time.

As U.S. and EU regulators intensify oversight of AI governance, investment origin, and infrastructure security, the company’s capital structure will likely face closer scrutiny. Investors will need to weigh ethical and political exposure alongside potential upside from hyperscale AI infrastructure acceleration.

Tips for Traders

• Monitor market reaction to any confirmed funding round valuing Anthropic at $150 billion or higher—this could reprice sentiment around AI infrastructure stocks.

• Watch shares of NVIDIA, AMD, and AWS for capital flow tied to increased compute demand from Anthropic and Gulf-backed AI initiatives.

• Track sovereign investment activity, particularly from MGX and Saudi-linked vehicles—funding patterns may influence global AI equities.

• Stay alert to regulatory signals from the U.S. and EU concerning foreign capital in AI ventures, as shifts could trigger policy risk revaluation.

• Pay close attention to AI firms reporting recurring revenue figures—growth above $4 billion ARR could validate further multiple expansion across the sector.