Anthropic has raised $65bn in a Series H funding round that values the maker of Claude at $965bn, overtaking OpenAI as the world's most valuable AI startup. The round pushes Anthropic close to the symbolic $1tn mark for a private company and could be its last before a planned stock-market debut, TechCrunch reported. It was co-led by Altimeter Capital, Dragoneer, Greenoaks and Sequoia Capital, with Capital Group, Coatue and D1 Capital Partners also taking part.
How big is the round? The $65bn raise ranks among the largest private financings in tech history, and the valuation tops OpenAI's to make Anthropic the most valuable AI startup, Axios reported. Anthropic's run-rate revenue crossed $47bn earlier in May, and the company expects to post its first operating-profit quarter after a 130% surge in revenue. OpenAI had itself raised $122bn at an $852bn valuation in March, TechCrunch reported.
Who invested and where will the money go? Strategic partners including Samsung, SK Hynix and Micron joined the round, and Amazon contributed $5bn that had been announced in April as part of roughly $15bn in previously committed investment from cloud hyperscalers. The company said the money would "advance our safety and interpretability research, expand compute to meet growing demand for Claude, and scale the products and partnerships our customers rely on."
What else did Anthropic announce? The funding landed the same day as Claude Opus 4.8, a model the company said improves agentic and coding performance. "Claude's latest advancements have driven large-scale adoption among the world's most demanding organizations," Altimeter Capital chief executive Brad Gerstner said.
