Anthropic has raised $65 billion in funding at a $965 billion post-money valuation in its latest funding round, which could be the AI startup’s last private funding before its public market debut.
The Series H round was co-led by Altimeter Capital, Dragoneer, Greenoaks, Sequoia Capital, Capital Group, Coatue, D1 Capital Partners and others. Institutional investors including Baillie Gifford, Blackstone, Brookfield, DE Shaw Ventures, DST Global, and Fidelity Management & Research participated in the round.
Strategic infrastructure partners including Samsung, SK Hynix, and Micron also participated in the round. A portion of this round ($15 billion) also consists of previously committed investments from hyperscalers, including $5 billion from Amazon announced in April.
TechCrunch reported last month that Anthropic was nearing the completion of a $50 billion round and investors were scrambling to get on the cap table. One institutional investor pledged as much as $5 billion just to meet with Anthropic’s chief financial officer, Krishna Rao.
Anthropic plans to use the new funding to “advance safety and interpretability research, scale computing to meet growing demand for Claude, and expand the products and partnerships our customers rely on.”
This round comes on the same day that Anthropic released its new Claude Opus 4.8 model, touting improvements to agent tasks, advanced coding, and an emphasis on honesty and self-correction. The AI startup reportedly plans to more widely launch a model comparable to its powerful cybersecurity model Mythos, which it has only released in limited form due to potential safety concerns.
The company has seen accelerated growth since its last funding round, especially among enterprise customers who rely on Claude Code. The company announced run-rate revenue of more than $47 billion earlier this month, and the Wall Street Journal recently reported that the company expects a 130% revenue jump to reach its first operating profit.
“Claude’s latest advancements have fueled large-scale adoption among the world’s most demanding organizations. This momentum positions Anthropic to lead the next phase of AI innovation and seize the tremendous opportunities ahead,” said Brad Gerstner, Founder and CEO of Altimeter Capital.
Anthropic has been in fierce competition with OpenAI for funding and user growth ahead of their respective IPOs. OpenAI last raised a whopping $122 billion in funding in March at a post-money valuation of $852 billion.
Elon Musk’s SpaceX, which merged with xAI earlier this year, is aiming for a $2 trillion valuation in its pending IPO and aims to raise more than $75 billion.
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