Artificial intelligence firm Anthropic has filed a draft registration document with the Securities and Exchange Commission indicating its intent to go public. The S-1 was filed confidentially, so it is not yet publicly viewable.
Anthropic stated that filing confidentially gives them the option to pursue an IPO after the SEC completes its review of the document. The number of shares and size of any potential offering have not yet been determined.
Anthropic raised private capital in a Series H funding round that set the post-money valuation at $965 billion. It raised a total of $65 billion in funding led by Altimeter Capital, Dragoneer, Greenoaks, and Sequoia Capital. The capital infusion was publicly announced last week. The valuation makes Anthropic one of the most valuable private companies in the world.
The company said in a blog post that the money would be used to “advance our safety and interpretability research, expand compute to meet growing demand for Claude, and scale the products and partnerships our customers rely on.”
Anthropic first released Claude as a chatbot, but now it’s a very powerful, agentic AI assistant with thought-based reasoning that can complete complex coding operations and other tasks. Claude offers a limited free version with usage caps, but its individual plan starts at around $20 per month.
Anthropic is growing very rapidly, with an estimated annual run rate of $30 to $47 billion. At the end of 2024, the rate was just $1 billion.
2026 is poised to be a gangbuster year for IPOs, with SpaceX going public and other tech firms queuing up to float shares on exchanges. OpenAI, the creator of ChatGPT, may pursue an IPO towards the end of the year with an estimated valuation of around $1 trillion.
AI, and more specifically Agentic AI, is quickly becoming ubiquitous, used by all types of businesses and individuals. The low price point of most services makes them accessible to individual users. While some worry that AI will cause massive devastation for employees, others predict the exact opposite. A16z says the “AI job apocalypse” is not going to happen because of the mistaken belief that there is a “fixed amount of work” in the economy.
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