Anthropic, the company behind the AI assistant Claude, has taken a significant step toward going public. The firm announced in a blog post on Monday that it has filed confidentially for an initial public offering (IPO). With a valuation hovering near $1 trillion, Anthropic submitted a draft registration statement to the U.S. Securities and Exchange Commission. However, the company has not yet disclosed the number of shares it plans to offer or set a price range. Anthropic noted that the timing of the IPO will depend on market conditions and other variables.

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This move comes less than a week after Anthropic secured $65 billion in a Series H funding round, which pushed its valuation to $965 billion. The round was co-led by prominent investors including Altimeter Capital, Dragoneer, Greenoaks, Sequoia Capital, Capital Group, Coatue, and D1 Capital Partners. The involvement of such a wide array of institutional and strategic backers signaled strong anticipation for an eventual public offering.

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Anthropic enters an already heated IPO season, with SpaceX also preparing to go public at a target valuation of $2 trillion. The aerospace company aims to raise over $75 million. Meanwhile, Anthropic's rival OpenAI continues to attract massive funding rounds, most recently closing a $122 billion round in March at an $852 billion post-money valuation.