Can You Invest in Anthropic Pre-IPO? Here's What You Need to Know

Is Anthropic publicly traded?

As of late 2025, Anthropic wasn't publicly traded. The AI developer was a privately held company owned by venture capital funds and technology giants. The company's early investors are among the biggest names in Silicon Valley.

In January 2025, the AI startup raised another $1 billion in capital from Alphabet's (GOOG +3.26%)(GOOGL +3.53%) Google, which holds a 10% stake. Fellow tech titan Amazon (AMZN +1.51%) has poured $8 billion into the AI start-up. This funding valued Anthropic at $60 billion, more than triple what investors valued the company a year ago.

Tech giants Microsoft (MSFT -1.32%) and Nvidia (NVDA -1.06%) joined as investors in November 2025. Nvidia has committed to invest up to $10 billion in Anthropic, while Microsoft plans to invest up to $5 billion. The partnership will allow the tech titans to reduce their reliance on fellow AI start-up OpenAI by strengthening one of its chief rivals. As part of the deal, Anthropic made a $30 billion commitment to use Microsoft's cloud services.

When will Anthropic IPO?

Anthropic is one of the top IPO stocks to watch. As of late 2025, the AI company didn't have an IPO on the calendar and likely won't go public anytime soon.

It has successfully raised billions of dollars in the private capital markets, giving it lots of cash to fund research and development (R&D) and scale its business. Many of its top investors have already made large follow-on investments. Given its ease of raising capital, Anthropic will likely remain private as it builds its AI capabilities.

Is it profitable?

As a private company, Anthropic doesn't have to publicly disclose its financial results. However, given its popularity, we do have some financial information about the company.

According to several reports, Anthorpic's annualized revenue was around $875 million in early 2025. That's a significant increase from late 2023 when The Information reported that Anthropic was generating about $100 million in annualized revenue.

However, the company likely wasn't profitable, given that it was investing heavily in research and development to train its AI models, which can cost as much as $100 million per model. As a result, the company likely faces a long road to reaching profitability as it continues to invest heavily in R&D and scales its business.

Once you complete the order page, click to submit your trade and become a shareholder in one of Anthropic's leading investors. Investors would follow a similar process to buy an IPO stock like Anthropic when it goes public. Once shares become available, fill in your brokerage account's order page with the AI company's selected stock ticker and submit your trade.

ETFs with exposure to Anthropic

Since Anthropic isn't a publicly traded company yet, you can't passively invest in the AI company through an exchange-traded fund (ETF). However, you can invest in the same AI trends driving its growth through ETFs. Here are three top AI ETFs to consider investing in to capitalize on the AI megatrend:

• iShares Exponential Technologies ETF (XT +0.77%): The ETF managed by BlackRock (BLK +2.24%) enables you to invest in companies with significant exposure to disruptive technologies, like AI. The ETF held shares of over 250 companies in late 2025, led by Eli Lilly and Company (LLY +1.57%) at 2.89% of its net assets. The fund had a 0.46% ETF expense ratio.
• Global X Artificial Intelligence & Technology ETF (AIQ +0.57%): This fund aims to invest in companies that stand to potentially benefit from the development and usage of AI. In late 2025, it had around 88 holdings, including Meta Platforms and Amazon in its top 10. The ETF had a 0.68% expense ratio.
• First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT +1.40%): The fund aims to track the performance of companies engaged in AI, robotics, and automation. In late 2025, it had more than 100 holdings, led by PROS Holdings (PRO +0.13%). The ETF had a 0.65% expense ratio.

Should you invest in Anthropic?

While you can't invest directly in Anthropic yet, you can gain exposure to the company through a fund holding its shares or by investing in one of its backers. With that in mind, here are some reasons to consider investing in the company:

• You believe its Claude AI chatbot is superior to rivals like ChatGPT, Meta AI, and xAI's Grok.
• You like that the company has the financial backing of some of the biggest names in technology.
• You believe Anthropic can grow its revenue significantly in the coming years and eventually turn the corner on profitability.
• You think Anthropic can develop additional AI-powered products and tools to enhance its long-term growth prospects.

On the other hand, here are some reasons you might opt against investing in Anthropic:

• You're concerned about growing competition in the AI space.
• You prefer a rival AI chatbot.
• You think AI might be more of a fad and never live up to the hype.
• You're worried the company might never turn the corner on profitability.
• You're concerned about how regulation, legislation, or legal issues might affect AI's growth trajectory.

The bottom line

Anthropic is one of the hottest start-ups in the hottest sector, and it has the backing of some of the top names in technology and venture capital. They've infused it with cash, giving it the capital to invest heavily in developing AI models.

It's already growing extremely fast and has a long growth runway ahead. Add in its technological lead over other chatbots, and it's one of the more exciting AI companies.

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