Anthropic Raises $65 Billion, Nears $1 Trillion Valuation Ahead of IPO

Anthropic has raised $65 billion in new funding at a $965 billion valuation, positioning it as the most valuable AI startup ahead of a potential initial public offering, reports TechCrunch. The Series H round was co-led by Altimeter Capital, Dragoneer, Greenoaks, Sequoia Capital, Capital Group, and Coatue, with participation from major institutional investors including Blackstone, Fidelity, and DST Global.

The round also included $15 billion in previously committed investments from hyperscale partners, such as $5 billion from Amazon. Strategic partners Samsung, SK Hynix, and Micron joined the round to support infrastructure expansion. Anthropic stated that the funding will advance safety and interpretability research, expand compute capacity for its Claude models, and scale customer partnerships.

Anthropic reported that its run rate revenue surpassed $47 billion earlier this month, driven by enterprise adoption of its Claude and Claude Code products. The company simultaneously launched its new Claude Opus 4.8 model, designed for improved coding, agentic tasks, and self-correction.

The funding round places Anthropic ahead of OpenAI, which was last valued at $852 billion following a $122 billion raise in March. Both companies, alongside SpaceX, are preparing for public listings expected later this year.