Anthropic files confidentially for IPO following $65 billion Series H funding round that valued the company at $965 billion

Anthropic submitted a confidential IPO filing on Monday. The company's most recent funding round, a $65 billion Series H announced last week, more than doubled its post-money valuation to $965 billion, surpassing OpenAI's last reported valuation of $840 billion from February.

Anthropic has raised roughly $125 billion from investors in total. Before a market debut, the company must receive regulatory sign-off on its confidential filing, then submit a public filing, conduct a pre-IPO roadshow, and complete remaining steps for the offering.

The confidential filing initiates Anthropic's path to becoming a publicly traded company, marking an escalation in the race among generative AI companies to reach public markets. The article's use of SpaceX as a timeline proxy suggests a potential market debut could occur in August, though the exact timeframe remains unclear.