Anthropic raises $65B, nears $1T valuation ahead of IPO
The AI startup's latest round values it at $965B, just shy of $1T.
Anthropic closed a $65 billion Series H round at a $965 billion post-money valuation, marking its largest private raise before a potential IPO. The round was co-led by Altimeter Capital, Dragoneer, Greenoaks, Sequoia Capital, Capital Group, Coatue, D1 Capital Partners, and others. Institutional investors like Baillie Gifford, Blackstone, Brookfield, D.E. Shaw Ventures, DST Global, and Fidelity joined, along with strategic infrastructure partners Samsung, SK Hynix, and Micron. A portion—$15 billion—came from previously committed hyperscaler investments, including $5 billion from Amazon announced in April. Anthropic plans to use the funds for safety and interpretability research, expanding compute for Claude, and scaling products and partnerships.
On the same day, Anthropic released Claude Opus 4.8, touting improved agentic task capabilities, advanced coding, and a focus on honesty and self-correction. The company is also planning a wider launch of models comparable to its powerful cybersecurity model Mythos, which has been limited due to safety concerns. Revenue run rate crossed $47 billion earlier this month, and the Wall Street Journal reported that Anthropic expects a 130% revenue surge to achieve its first operating profit. The raise intensifies competition with OpenAI (which raised $122B at $852B valuation) and Elon Musk's merged SpaceX/xAI (targeting $2T valuation).
- $65B Series H at $965B post-money valuation, co-led by Altimeter, Dragoneer, Sequoia, and others.
- Includes $15B from hyperscalers, with $5B from Amazon alone.
- Revenue run rate hits $47B; expects 130% surge to first operating profit.
Why It Matters
Anthropic's massive raise signals the AI arms race is intensifying, challenging OpenAI's dominance ahead of IPOs.