Anthropic

Business/Productivity Software · San Francisco, CA · Founded 2021 · In IPO Registration

Developer of a large language model platform designed for business-critical use cases. Anthropic is based in San Francisco, CA and was founded in 2021. It is valued at about $968 billion as of Oct 2026, set by secondary market price, unchanged since its Series H in May 2026. It has raised $68.2 billion across 17 recorded rounds; the latest was a $34.5 billion debt round in Jun 2026.

PMV mark · valuation
$967.9B
Oct 2026
Secondary market · $/share
$589
Total raised
$68.2B
Last round
Debt - General
Jun 2026

Capitalization table

16 share classes, by liquidation seniority · as of Sep 2025
ClassLiq. prefIssue price
Series F-1▮▮
Series F-2▮▮
Series F-3▮▮
Series F-4▮▮
Series E-1▮▮
Series E-2▮▮
+ 10 more classes · a free account shows the full cap table
Preferences, participation and issue prices are Pro.Unlock preferences + participation

Membership and data by Private Market View

Pro
The prices on Anthropic
  • ·Every dated print: 234 trades with prices and structures
  • ·173 fund marks: filer, period, implied $/share
  • ·The monthly marks chart, 46 months in dollars
  • ·Price per share on 8 rounds
Pro · $99 a month
List $299 · founding price, locked for as long as you stay

Membership and data by Private Market View

Reading Anthropic's cap table

Share classes are listed senior-first: in a sale or liquidation, higher-seniority preferred stock is paid its liquidation preference before junior classes and common see proceeds. A participating class takes its preference and shares in the remainder; a non-participating class chooses one or the other.

The original issue price is what investors paid per share in that class’s round — read against current secondary prices, it shows which investors are above or below water.

Frequently asked about Anthropic

How many share classes does Anthropic have?
Anthropic has 16 recorded share classes, listed by liquidation seniority — Series F-1 is the most senior.
How many shares has Anthropic authorized?
Across its 16 recorded classes, Anthropic has authorized 455,817,979+ shares.
Where does Anthropic's cap table come from?
Share classes are assembled from certificates of incorporation, priced-round filings, and disclosures across Anthropic's 17 recorded funding rounds.