Anthropic seeks Palantir-style voting control for seven co-founders ahead of IPO, The Information reports

Anthropic, a leader in enterprise AI, is reportedly seeking to grant its co-founders significant voting power in their upcoming IPO, according to The Information. The company is proposing a corporate structure that closely resembles that of Palantir, awarding CEO Dario Amodei and six co-founders a combined 50.1% of voting rights.

These special shares would give the co-founders collective control over most corporate decisions, as long as three of the seven co-founders maintain a minimum shareholding in the company. However, the election of board members remains outside the co-founders' control, with the board currently having seven seats, one of which is vacant.

To break ties on certain issues, Anthropic is planning to offer employees a special class of stock. The company, valued at $965 billion following its recent funding round, is expected to file for its IPO after the US midterm elections in November, though the election is not anticipated to significantly impact the offering. Anthropic has raised $65 billion at its latest valuation.