Anthropic Raises $65 Billion at $965 Billion Valuation
The Series H round makes Anthropic one of the world’s most valuable private technology companies, as demand for Claude and AI coding tools accelerates.
Topics
Image Credit- Chetan Jha/ MIT Sloan Management Review India
Anthropic has raised $65 billion in a Series H funding round, valuing the artificial intelligence company at $965 billion and putting it ahead of OpenAI’s last reported private valuation.
The round was led by Altimeter Capital, Dragoneer, Greenoaks and Sequoia Capital, Anthropic said on Thursday, 28 May. The valuation marks a sharp increase from February, when Anthropic raised $30 billion at a $380 billion post-money valuation.
Anthropic said the financing includes $15 billion in previously committed investments from hyperscalers, including $5 billion from Amazon. The company said the new funding will support safety and interpretability research, expand compute capacity and scale Claude products and partnerships.
The new valuation puts Anthropic ahead of OpenAI, which was last valued at $852 billion after a March funding round, Reuters said.
Anthropic said its annualized revenue run rate crossed $47 billion earlier this month, up from $14 billion in February. The company has benefited from growing enterprise demand for Claude and related products, including Claude Code and Cowork.
“Claude is increasingly indispensable to our growing global community of customers, and we work tirelessly to make tools like Claude Code and Cowork more helpful, more powerful, and more adaptable to their needs,” Anthropic Chief Financial Officer Krishna Rao said in the company’s announcement. “This funding will help us serve the historic demand we are experiencing, stay at the research frontier, and bring Claude to more of the places where work happens.”
The funding comes as leading AI developers race to secure the capital and computing capacity needed to train and run large models. Anthropic said it has signed agreements with Amazon for up to five gigawatts of new capacity, Google and Broadcom for five gigawatts of next-generation TPU capacity, and SpaceX for access to GPU capacity in Colossus 1 and Colossus 2.
The announcement coincided with Anthropic’s release of Claude Opus 4.8, which the company described as an upgrade to its Opus class of models for coding, agentic tasks and professional work.
