Anthropic becomes most valuable AI startup at $965B valuation, surpassing OpenAI

Anthropic raises $65 Billion, nears $1T valuation ahead of IPO

Anthropic has snagged another $65 billion in funding at a $965 billion post-money valuation, marking what could be the AI startup's last private round before debuting on the public markets. 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, D.E. Shaw Ventures, DST Global, and Fidelity Management & Research participated in the round. Strategic infrastructure partners, including Samsung, SK Hynix, and Micron, also joined the round. A portion of the round -- $15 billion -- is also made up of previously committed investments from hyperscalers, including $5 billion from Amazon announced in April. TechCrunch reported last month that Anthropic was close to closing a $50 billion round, with investors clamoring to get on the cap table. One institutional investor had even pledged as much as $5 billion just to get a meeting with Anthropic CFO Krishna Rao. Anthropic plans to use the new funds to "advance our safety and interpretability research, expand compute to meet growing demand for Claude, and scale the products and partnerships our customers rely on." The round comes the same day that Anthropic released its new Claude Opus 4.8 model, which touts better capabilities in agentic tasks, advanced coding, and focus on honesty and self-correction. The AI startup is also reportedly planning to more widely launch models that are on par with its powerful cybersecurity model Mythos, which it has only released in limited fashion due to potential safety concerns. The company has seen increased growth since its last funding round, particularly among enterprise customers that rely on Claude Code. The company said its run rate revenue crossed $47 billion earlier this month, and The Wall Street Journal recently reported that the startup expects a 130% revenue surge to bring it to its first operating profit. "Claude's latest advancements have driven large-scale adoption among the world's most demanding organizations. This momentum positions Anthropic to lead the next phase of AI innovation and capture the enormous opportunity ahead," said Brad Gerstner, Founder and CEO of Altimeter Capital. Anthropic has been in tight competition with OpenAI for fundraising and user growth in advance of their respective IPOs. Earlier this year, OpenAI last raised a whopping $122 billion round in March at an $852 billion post-money valuation. Elon Musk's SpaceX -- which merged with xAI earlier this year -- is targeting a $2 trillion valuation in its pending IPO, and seeking to raise more than $75 billion.

Anthropic tops OpenAI as most valuable AI startup, nears $1 trillion valuation in latest round

Anthropic is now the most valuable artificial intelligence company in Silicon Valley. The AI giant announced a $65 billion Series H financing at a $965 billion valuation on Thursday. The financing puts its value above rival AI lab OpenAI. CNBC reported in late April that Anthropic was in talks to raise capital. The newest round was led by Altimeter Capital, Dragoneer, Greenoaks, and Sequoia Capital and almost triples its valuation from February, when it was worth $380 billion. OpenAI was valued at $852 billion in late March after closing a record-breaking $122 billion funding round. Anthropic's revenue has exploded thanks to its popular AI coding assistant, Claude Code. Anthropic also reported a $47 billion revenue run rate on Thursday. That's up from $30 billion run rate earlier this year, and $10 billion in revenue last year. The company released its latest model, Claude Opus 4.8, earlier on Thursday. Anthropic has also captivated Wall Street by unveiling Claude Mythos Preview, a model with advanced cybersecurity capabilities that's only available to a select group of companies. "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's Chief Financial Officer Krishna Rao said in Thursday's press release. "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."

Anthropic vaults to a $965 billion valuation with new funding as Claude demand surges

Artificial intelligence company Anthropic said Thursday it raised $65 billion in private funding that will push its valuation to $965 billion, a whopping number that makes the five-year-old maker of the Claude chatbot one of the world's most valuable startups as it careens toward a likely Wall Street debut. The announcement vaults Anthropic ahead of its chief rival, ChatGPT maker OpenAI, both in market value and in reported revenue. Anthropic said it's now making annualized revenue of $47 billion from selling its technology to people and organizations using Claude to write code and do other work and personal tasks on their behalf. Anthropic was formed in 2021 by ex-OpenAI leaders and now both AI firms, along with Elon Musk's rocket and AI company SpaceX, are all expected to become publicly traded. All three are also still losing more money than they make, fueling concerns of an AI bubble. Anthropic said the new round of funding was led by investment firms Altimeter Capital, Dragoneer Investment Group, Greenoaks Capital and Sequoia Capital. "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," said a written statement from Anthropic's chief financial officer, Krishna Rao. Anthropic also on Thursday launched its newest AI model, called Claude Opus 4.8, boasting that it is even better at coding and other professional work than previous models. OpenAI last reported in March it was heading toward a $852 billion valuation after a $122 billion fundraising round. SpaceX was valued at $800 billion last year, but its value grew to $1.25 trillion after the space exploration company merged with Musk's xAI in February.

Anthropic overtakes OpenAI as the most valuable AI startup

Why it matters: With the round, Anthropic leapfrogs OpenAI, which was most recently valued at $730 billion. Driving the news: The round was led by Altimeter Capital, Dragoneer, Greenoaks and Sequoia Capital. * The company said the funding will support safety and interpretability research, expand compute capacity and scale Claude products and partnerships. * Anthropic said its run-rate revenue crossed $47 billion earlier this month. Zoom in: The round includes $15 billion of previously committed hyperscaler investments, including $5 billion from Amazon. * Infrastructure partners, including Micron Technology, which just soared above a $1 trillion stock market valuation, also contributed. What they're saying: "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," Anthropic chief financial officer Krishna Rao said in a release.

Anthropic Nears $1 Trillion Valuation, Topping OpenAI After Fresh $65 Billion Raise

Anthropic said the funding will support AI safety research and expand its compute power. Anthropic said Thursday it raised $65 billion in a Series H funding round, valuing the company at $965 billion post-money and underscoring the escalating cost of building and operating frontier AI models. The round was led by Altimeter Capital, Dragoneer, Greenoaks, and Sequoia Capital, alongside investors including Blackstone, Fidelity, Lightspeed Venture Partners, and Temasek. "Earlier this month, our run-rate revenue crossed $47 billion," Anthropic wrote on X. "This growth has been driven by organizations across many industries deploying Claude in their core operations, and by a growing number of people using it for their everyday work." The company said the funding will support safety and interpretability research while expanding the compute infrastructure required to train and run increasingly powerful AI models. At the same time, investors said the funding reflects growing demand for Anthropic's Claude AI models among businesses. "Claude's latest advancements have driven large-scale adoption among the world's most demanding organizations," Altimeter Capital founder and CEO Brad Gerstner said in a statement. "This momentum positions Anthropic to lead the next phase of AI innovation." Anthropic's $965 billion valuation now tops the last disclosed valuation of its chief rival. In March, rival AI developer OpenAI announced a $852 billion valuation following a $122 billion funding round, saying demand for ChatGPT, enterprise AI tools, and computing power was accelerating worldwide. The news comes following several partnerships and investments from Amazon, Google, Broadcom, and SpaceX, respectively, with Anthropic aimed at expanding the computing power needed to train and run Claude. The funding announcement also comes amid an ongoing feud with the Trump administration, after Pentagon officials demanded AI contractors allow their models to be used for "any lawful use," including military applications. In February, Anthropic, which already held a $200 million Defense Department contract, refused to remove safeguards blocking Claude from being used for mass domestic surveillance or fully autonomous lethal weapons. The company is also facing concerns from cybersecurity experts that its Claude Mythos model could make advanced cyberattacks easier to carry out. Despite these concerns, Anthropic said demand for Claude continues to surge among businesses and enterprise customers worldwide. "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," said Krishna Rao, Chief Financial Officer of Anthropic. "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." News of Anthropic's nearly $1 trillion evaluation also comes on the same day the company released Claude Opus 4.8, the latest version of its flagship Claude AI model, and said that the controversial cybersecurity-focused Claude Mythos model could become publicly available within weeks as the company works to expand safeguards around the system.

Anthropic dethrones OpenAI as world's most valuable AI start-up

Artificial intelligence company Anthropic raised $65 billion in private funding, boosting its valuation to $965 billion and overtaking OpenAI's last reported valuation of $730 billion as the two firms compete for dominance in the AI sector. Artificial intelligence company Anthropic said on Thursday it had raised $65 billion (€55.8bn) in private funding, pushing its valuation to $965bn (€829bn). This made the five-year-old maker of the Claude chatbot one of the world's most valuable start-ups as it moves towards a likely Wall Street debut. The announcement vaults Anthropic ahead of its chief rival, ChatGPT maker OpenAI, both in market value and in reported revenue. Anthropic said it's now making annualised revenue of $47bn (€40.4bn) from selling its technology to people and organisations using Claude to write code and do other work and personal tasks on their behalf. Anthropic was formed in 2021 by former OpenAI executives, and now both AI firms, along with Elon Musk's rocket and AI company SpaceX, are expected to become publicly traded. All three are also still losing more money than they make, fuelling concerns of an AI bubble. San Francisco-based Anthropic said the new round of funding was led by investment firms Altimeter Capital, Dragoneer Investment Group, Greenoaks Capital and Sequoia Capital. "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," Anthropic chief financial officer Krishna Rao said in a statement. Anthropic also on Thursday launched its newest AI model, called Claude Opus 4.8, saying it is even better at coding and other professional work than previous models. Anthropic's rapid growth and Claude's growing popularity have left OpenAI playing catch-up despite its early lead in making ChatGPT a household name that sparked a commercial AI boom. OpenAI last reported in March it was heading towards a $852bn (€732bn) valuation after a $122bn (€104.8bn) fundraising round. SpaceX was valued at $800 billion (€680 billion) last year, but its value grew to $1.25 trillion (€1.06 trillion) after the space exploration company merged with Musk's xAI in February. Musk recently announced plans for one of the biggest stock sales ever and will be able to pitch the offering to investors as soon as next week. OpenAI also cleared a major hurdle towards its initial public offering ambitions after a federal court last week dismissed a lawsuit from Musk, an OpenAI co-founder and early donor, after a weeks-long jury trial over whether the company had betrayed its original non-profit mission. Musk has said he plans to appeal. Despite its newfound success, Anthropic has also faced obstacles this year -- particularly a bruising legal fight with President Donald Trump's administration over how AI tools like Claude can be used in warfare. Trump in February ordered all US agencies to stop using Claude, and Defence Secretary Pete Hegseth declared the company a supply chain risk after an unusually public clash between the Pentagon and CEO Dario Amodei. Anthropic sued in a dispute that is still working its way through two federal courts. At the same time, Anthropic has been in talks with the White House over the cybersecurity capabilities and risks of its most powerful model, Mythos, which is not yet widely available to the public. Anthropic also had an influential role at the Vatican ahead of Pope Leo XIV's call on Monday for robust regulation of AI and for its developers to work for the common good rather than profit. The sweeping manifesto called "Magnifica Humanitas" (Magnificent Humanity), Leo's first encyclical, repeatedly blasted the concentration of power and data in the hands of so few people in the private sector as a danger.

Anthropic valued at close to a trillion dollars in new funding round

Artificial intelligence company Anthropic announced on Thursday that it had raised $65 billion in a new funding round, valuing the Claude maker (founded by former OpenAI employees and led by Dario Amodei) at $965 billion and placing it ahead of rival OpenAI. Artificial intelligence company Anthropic said Thursday it had raised $65 billion in a new funding round that values the Claude maker at $965 billion, more than its arch-rival OpenAI, the maker of ChatGPT. The latest fundraising round confirms Anthropic's place as one of the most significant players in AI, with the start-up led by Dario Amodei having drawn fans for its coding powers and state-of-the-art models. Anthropic's rise came by doubling down on delivering generative AI to enterprise clients rather than general users, the path initially chosen by arch-rival OpenAI. Founded by former OpenAI employees, including CEO Amodei, Anthropic has a special focus on AI safety even as it rushes out new products in order to remain in the AI race. Read moreSamsung workers avert strike, secure bonus deal after AI profit surge "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," said Krishna Rao, Anthropic's chief financial officer. Anthropic's near-trillion-dollar valuation puts it ahead of OpenAI, which was valued at $852 billion in March. Both companies could go public as early as this year. Ahead of them, Elon Musk's SpaceX, which absorbed his AI company, xAI, in February, could see shares begin trading as early as June 12, targeting a valuation of approximately $1.75 trillion in what would be the largest IPO in history. Anthropic's round was led by major Silicon Valley venture capitalists Altimeter Capital, Dragoneer, Greenoaks and Sequoia Capital. It also included $15 billion in previously committed investments from cloud giants, including $5 billion from Amazon. Read moreAI leaders soften warnings on job losses as industry reassesses impact Semiconductor firms Micron, Samsung and SK hynix - whose products are crucial to the technology - also participated as strategic infrastructure partners. The company said Claude is now the first frontier AI model available across all three of the world's largest cloud platforms - Amazon Web Services, Google Cloud and Microsoft Azure. The funding comes as Anthropic navigates a high-profile legal dispute with the Pentagon, having sued the Defence Department after it designated the company a supply chain risk - a move Anthropic called unconstitutional retaliation for its refusal to grant the military unfettered access to its AI models. Mythos is Anthropic's powerful, next-generation AI model with unprecedented cybersecurity capabilities. This has led Anthropic to restrict its access to security partners rather than releasing it to the public.

Anthropic secures $965 billion valuation after raising $65 billion

Anthropic said on Thursday it has raised $65 billion at a post-money valuation of $965 billion, as it seeks to expand computing capacity to meet growing demand for chatbot Claude and scale its products. The new valuation after the series H funding round puts Anthropic ahead of rival OpenAI, which was last valued at $852 billion post-money in March. "Since our series G in February, adoption has continued to grow across global enterprise customers, and our run-rate revenue crossed $47 billion earlier this month," Anthropic said in a blog on its website. It was valued at $380 billion in February, after raising $30 billion. Anthropic's pursuit of private funding coincides with preparations for a public listing, according to investors and bankers familiar with the company. Both Anthropic and OpenAI are planning to tap the public market, possibly as quickly as this year, to acquire the computational resources necessary to power their services and train new models. Anthropic has struggled to meet demand in recent months, forcing it to institute usage limits during peak hours and incentivize off-peak use by offering more compute during those hours. Its latest funding round was led by Altimeter Capital, Dragoneer, Greenoaks and Sequoia Capital, with Coatue and ICONIQ as co-leads, among others. Anthropic's strategic infrastructure partners Micron MU.O, Samsung 005930.KS and SK Hynix 000660.KS also joined the investment round. The round comprises $15 billion of previously committed investments from hyperscalers, including $5 billion from Amazon. Amazon had said in April it would invest up to $25 billion in Anthropic, as the AI startup commits to spending more than $100 billion over the next 10 years on Amazon's cloud technologies. This is in addition to the $8 billion Amazon previously invested in the company.

Anthropic launches Claude Opus 4.8, raises $65B in new funding

Anthropic PBC today introduced a new large language model, Claude Opus 4.8, that is significantly better than its predecessor at complex coding tasks. The company announced the LLM alongside another major business milestone. Anthropic has raised $65 billion in new funding at a $965 billion valuation to buy more computing infrastructure. The company evaluated Claude Opus 4.8's reasoning capabilities using Terminal-Bench 2.1, a benchmark that measures LLMs' ability to perform tasks in the command line. The model scored 74.2%, a 8.4% improvement over Claude Opus 4.7. Claude Opus 4.8 scored 4.9% higher on a more general-purpose coding test called SWE-Bench Pro. Additionally, Anthropic logged improvements across benchmarks that comprised computer use and financial analysis tasks. Claude Opus 4.8 includes optimizations that enable it to detect erroneous prompt responses. According to Anthropic, the model is four times less likely than its predecessor to output faulty code without pointing out the issue. It's also less prone to making unsupported claims and missing misuse attempts. Claude Opus 4.8 powers a new feature called dynamic workflows in Claude Code. The capability enables the programming assistant to perform complex tasks such as rewriting an entire application in a new language. According to Anthropic, Claude Opus 4.8 completes such projects by generating hundreds of AI agents that perform a small subset of the work. An upgraded "fast mode" setting enables Claude Code users to trade off some output quality for lower latency. It makes the tool quicker 150% and costs three times less than the previous iteration of the setting. The Claude chatbot and Claude Cowork, a tool designed to automate multi-step business tasks, are receiving a similar feature that makes it possible to toggle between different response speeds. Anthropic plans to follow up Claude Opus 4.8 with "Mythos-class models" that will become broadly available in the coming weeks. Claude Mythos Preview is an advanced LLM that made its debut last month. The model is adept at, among other tasks, finding cybersecurity vulnerabilities. Anthropic has only made Claude Mythos Preview available to a limited number of organizations over concerns that it could be misused by hackers. According to the company, its engineers are developing new guardrails that will address hacking risks. Anthropic expects that those guardrails will enable it to safely release Mythos-grade models to all its customers. Investor optimism about the revenue potential of Mythos-grade models may have been one of the contributors to Anthropic's valuation bump. At $965 billion, the company is now worth more than OpenAI Group PBC. Anthropic's revenue is already growing rapidly: the company disclosed today that its run rate has more than tripled to $47 billion in the past three months. Anthropic's Series H funding round was led by Altimeter Capital, Dragoneer, Greenoaks and Sequoia Capital. The company listed Capital Group, Coatue, D1 Capital Partners, GIC, ICONIQ, and XN as co-lead investors. They were joined by more than a dozen others including Micron Inc., SK hynix Inc. and Samsung Electronics Co. The $65 million round includes about $15 billion in previously announced commitments from cloud providers. Amazon Web Services Inc. is investing $5 billion. Last month, AWS agreed to provide Anthropic with up to five gigawatts of new computing capacity. The LLM developer use the proceeds from its funding round to buy more infrastructure. Anthropic also plans to invest in AI safety initiatives and partnerships.

Anthropic soars to $US965b valuation, beating rival OpenAI

Artificial intelligence company Anthropic said Thursday it raised $US65 billion ($90 billion) in private funding that will push its valuation to $US965 billion, a whopping number that makes the five-year-old maker of the Claude chatbot one of the world's most valuable start-ups as it careens toward a likely Wall Street debut. The announcement vaults Anthropic ahead of its chief rival, ChatGPT maker OpenAI, both in market value and in reported revenue. Anthropic said it's now making annualised revenue of $US47 billion from selling its technology to people and organisations using Claude to write code and do other work and personal tasks on their behalf.

Anthropic vaults to a $965 billion valuation with new funding as Claude demand surges

Artificial intelligence company Anthropic said Thursday it raised $65 billion in private funding that will push its valuation to $965 billion, a whopping number that makes the five-year-old maker of the Claude chatbot one of the world's most valuable startups as it careens toward a likely Wall Street debut. The announcement vaults Anthropic ahead of its chief rival, ChatGPT maker OpenAI, both in market value and in reported revenue. Anthropic said it's now making annualized revenue of $47 billion from selling its technology to people and organizations using Claude to write code and do other work and personal tasks on their behalf. Anthropic was formed in 2021 by ex-OpenAI leaders and now both AI firms, along with Elon Musk's rocket and AI company SpaceX, are all expected to become publicly traded. All three are also still losing more money than they make, fueling concerns of an AI bubble. Anthropic said the new round of funding was led by investment firms Altimeter Capital, Dragoneer Investment Group, Greenoaks Capital and Sequoia Capital. "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," said a written statement from Anthropic's chief financial officer, Krishna Rao. Anthropic also on Thursday launched its newest AI model, called Claude Opus 4.8, boasting that it is even better at coding and other professional work than previous models. OpenAI last reported in March it was heading toward a $852 billion valuation after a $122 billion fundraising round. SpaceX was valued at $800 billion last year, but its value grew to $1.25 trillion after the space exploration company merged with Musk's xAI in February.

Anthropic hits $965B valuation with latest funding round, overtaking OpenAI

Anthropic raked in $65 billion from investors at a $965 billion valuation in its latest funding round, overtaking OpenAI's most recent valuation as the two AI startups race to go public. The company announced the additional financing Thursday, with investment firms Altimeter Capital, Dragoneer, Greenoaks and Sequoia Capital leading the round. It marks a massive gain in value for Anthropic, which just three months ago raised $30 billion at a $380 billion valuation. The company leap-frogs OpenAI, whose latest funding round in February put the ChatGPT maker at $852 billion. "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," Krishna Rao, Anthropic's chief financial officer, said in a statement. Both Anthropic and OpenAI are widely expected to go public this year, as the pair of AI rivals seek access to additional funding to cover the vast amount of computing power required to continue developing the technology. Elon Musk's SpaceX, which is also considered part of the AI horse race following its merger with xAI, has already filed for an initial public offering (IPO). It is reportedly eyeing a $1.75 trillion valuation. Anthropic's latest funding round comes as the company separately announced Thursday that it plans to release its Mythos model more widely. Last month, it offered a limited group of companies and government agencies early access to the new, more powerful model. The model, which can spot decades-old security flaws, sparked concerns that it could boost the capabilities of hackers to find and exploit these vulnerabilities in critical systems. "Models of this capability level require stronger cyber safeguards before they can be generally released," the company noted in a press release. "We're making swift progress on developing these safeguards and expect to be able to bring Mythos-class models to all our customers in the coming weeks."

Anthropic eclipses OpenAI with valuation of $965 billion

Anthropic PBC has raised funding at a $965 billion valuation, overtaking rival OpenAI for the first time. The round was led by Altimeter Capital, Dragoneer, Greenoaks and Sequoia Capital, with each investing over $2 billion. Google and Amazon also joined as part of previously announced multibillion-dollar commitments to Anthropic. Anthropic PBC raised $65 billion in a funding round that valued the artificial intelligence company at $965 billion including the new investment, eclipsing rival OpenAI's value for the first time. The funding, announced Thursday, was led by Altimeter Capital, Dragoneer, Greenoaks and Sequoia Capital. Each of the lead investors put in more than $2 billion, according to people familiar with the matter. Sequoia declined to comment. The other three firms did not respond to a request for comment. US MarketsPowered By As on 29 May 2026, 01:30 AM IST S&P 500 Top Gainers Dollar Tree113.00(17.87%) Agilent Technologies135.38(16.87%) Best Buy Co74.74(15.80%) Hormel Foods23.59(12.55%) Gainers" S&P 500 Top Losers Coterra Energy32.56(-8.62%) Synopsys480.64(-8.61%) Tyson Foods62.00(-6.09%) Norfolk Southern307.88(-5.47%) Losers" Alphabet Inc.'s Google contributed several billion dollars to the round as part of a previously announced commitment to invest up to $40 billion in Anthropic over time, according to people familiar with the matter. Amazon.com Inc. invested $5 billion in the round, also as part of a prior commitment, Anthropic said in a blog post. Google declined to comment. Micron Technology Inc., Samsung Electronics Co. and SK Hynix Inc. also contributed an undisclosed amount, helping to push the round well above Anthropic's initial $30 billion target. The large round came together in a matter of weeks, a sign of strong investor demand for the Claude maker. In late April, Anthropic had been weighing whether to pursue new financing at a more than $900 billion valuation after receiving several inbound proposals, Bloomberg News has reported. The artificial intelligence startup then kicked off advanced discussions earlier this month. Founded in 2021 by a group of former OpenAI employees, Anthropic has since emerged as a leader in the AI sector. Anthropic has developed a series of AI tools aimed at overhauling the way businesses handle tasks from coding to cybersecurity. Anthropic and OpenAI are both expected to go public as soon as this fall, Bloomberg News has reported. Anthropic is still expected to proceed with an IPO on that timeline after the latest funding, one person said. Anthropic declined to comment. Anthropic expects to post $10.9 billion in revenue for the second quarter, more than doubling from the prior three-month period as demand surges for its AI software, Bloomberg News has reported. The company is also on pace for its first profitable quarter. The company has told investors that its annualized run rate revenue will surpass $50 billion by the end of next month, people familiar with the matter said. Anthropic's run rate, a metric that projects full-year revenue based on sales from a shorter period, was $4 billion in July of last year. OpenAI was most recently valued at $852 billion in a funding round completed in March. The company is expected to confidentially file draft paperwork to go public in the coming days or weeks.

Anthropic Raises $65B As It Scale Partnerships

'Claude is increasingly indispensable to our growing global community of customers,' Anthropic CFO Krishna Rao said. Artificial intelligence upstart Anthropic revealed that it has raised $65 billion in Series H funding, with some of that money going toward scaling partnerships and with Anthropic surpassing the valuation of rival OpenAI and more than doubling its previously disclosed valuation as the two invest in channel partner programs to grow market share in workplace AI. San Francisco-based Anthropic, maker of Claude and whose founders started the company after leaving ChatGPT maker OpenAI, puts its valuation at $965 billion post-money, according to an online post Thursday. That's more than double the $380 billion post-money valuation Anthropic disclosed in February. Anthropic also updated its run-rate revenue to more than $47 billion, more than triple the $14 billion disclosed in February, and upgraded its Claude Opus AI model to version 4.8. "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 CFO Krishna Rao said in a statement. "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." [RELATED: Anthropic Forms AI Services Company Amid Claude Partner Network Push] Anthropic's $65B Series H Pushes Valuation to $965B CRN has reached out to Anthropic and OpenAI for comment. Eduardo Ramos, CEO of Austin, Texas-based solution provider Viewnear, is looking to differentiate his company in the partner ecosystems of Anthropic and data analytics vendor Snowflake by marrying expertise in both companies, Ramos told CRN in an interview. Viewnear has been building enterprise-grade production AI systems with governed Snowflake data anchored on Anthropic Claude, giving users goal-driven AI agents that can complete multi-step work with an outcome-based business model, Ramos said. "Anthropic, at the end of the day, they want partners that know Anthropic top to bottom," Ramos said. "We can bring in new accounts, co-sell accounts through them, and they want to sell capacity." Anthropic, OpenAI Channel Push Anthropic's channel investments this year have included rolling out the Claude Partner Network, which is receiving an initial $100 million investment and a new certification program. System integrators and other services partners currently lead work adopting Claude to organizations' core operations with hands-on engineering and deep familiarity with business needs, according to the vendor. Both Anthropic and OpenAI have also launched their own IT services operations. Solution providers have told CRN that they hope those IT services operations work with the vendors' respective partner ecosystems and share learnings and best practices as partners master new business models around AI, agents and tokens. In March, OpenAI disclosed that it raised a $122 billion round of funding in committed capital at a post-money valuation of $852 billion. Altimeter, Dragoneer and Sequoia participated in that round. OpenAI also disclosed at the time that enterprise makes up more than 40 percent of its total revenue and should reach parity with consumer revenue by the end of 2026. Anthropic CEO and co-founder Dario Amodei told CNBC in January that 80 percent of the company's revenue comes from enterprise sales and the rest from consumer. Claude Maker More Than Triples Run Rate Anthropic's newest round of funding comes three months after it disclosed a $30 billion Series G round of funding-with Microsoft and Nvidia counted among Anthropic's investors. Anthropic previously revealed that its run-rate revenue reached $14 billion, up tenfold annually over the past three years the company's been collecting revenue. The Claude maker plans to invest the money toward AI safety research, interpretability research, expanded compute, product scaling and partnership scaling. The vendor has expanded compute capacity with deals including up to five gigawatts from Amazon, up to five gigawatts of Tensor Processing Unit (TPU) capacity from Google and Broadcom and graphics processing unit (GPU) capacity from Elon Musk's SpaceX. Amazon Web Services is Anthropic's primary cloud provider and training partner. SpaceX has filed to go public while CNBC reports that OpenAI wants to go public as soon as September. TechCrunch put SpaceX's valuation target at $2 trillion with hopes of raising more than $75 billion from its initial public offering. Anthropic's IPO date is not yet known. Channel-Minded Investors Back Anthropic's Series H Investment firms that led the Series H round include Altimeter Capital, Dragoneer, Greenoaks and Sequoia Capital. Capital Group, Coatue, D1 Capital Partners, GIC, Iconiq and XN co-led the round. AMP PBC, Baillie Gifford, Blackstone, Brookfield, D.E. Shaw Ventures, DST Global, Fidelity Management & Research Co., General Catalyst, Insight Partners, Jane Street, Lightspeed Venture Partners, MGX, NTTVC, NX1 Capital, Situational Awareness, T. Rowe Price and Temasek made "significant" investments, according to Anthropic. The round also includes $15 billion of previously committed investments from hyperscalers, with $5 billion from Amazon. Micron, Samsung and SK hynix have offered memory, storage, logic chips and other strategic infrastructure to Anthropic as it works to meet growing Claude demand, according to the vendor. Altimeter Capital's portfolio of channel-related investments includes DBT Labs, Hammerspace, Confluent and UiPath. Dragoneer's portfolio of channel-related investments includes ClickHouse, New Relic, Databricks, UiPath and Atlassian. Greenoaks' portfolio of channel-related investments includes Eon, Databricks and recent Google acquisition Wiz. Sequoia's portfolio of channel-related investments includes Alkira, Island, Versa Networks, Grafana, Fireworks AI, DBT Labs, Cohesity, UiPath, Eon, Wiz and Meter. Claude Opus 4.8 Upgrades Meanwhile, on the same day as the Series H announcement, Anthropic updated its Opus model to version 4.8 while still maintaining Opus' $5 per million input tokens and $25 per million output tokens. Fast mode is priced at $10 per million input tokens and $50 per million output tokens, according to the vendor. The new version is more likely to flag work uncertainties, less likely to make unsupported claims and less likely to allow its code flaws to pass unremarked, according to Anthropic. Opus 4.8 has lower rates of deception, cooperation with misuse and other misaligned behavior than 4.7. Opus 4.8 gains a dynamic workflows feature in research preview for more complex tasks including planning work and running hundreds of parallel subagents in a single session. The model verifies outputs before reporting back to users. Users can also choose how much effort Claude puts into a response, with Claude responding faster and using rate limits more slowly on lower effort settings and thinking more frequently, deeply and using rate limits faster on a higher effort setting. Users can also update Claude instructions mid-task without breaking prompt caches or routing updates through user turns. This enables permissions updates, token budgeting and environmental context as agents run, according to Anthropic. Opus 4.8's fast mode is three times cheaper than previous models and more than doubles model speed, according to Anthropic. The vendor alleges that Opus 4.8 beats OpenAI's GPT-5.5 and Google's Gemini 3.1 Pro in agentic coding, multidisciplinary reasoning, agentic computer use, knowledge work and agentic financial analysis.

Anthropic reaches near-trillion dollar valuation, topping OpenAI

Artificial intelligence company Anthropic said Thursday it had raised $65 billion in a new funding round that values the Claude maker at $965 billion, more than its archrival OpenAI, the maker of ChatGPT. The latest fundraising round confirms Anthropic's place as one of the most significant players in AI, with the startup led by Dario Amodei having drawn fans for its coding powers and state-of-the-art models. Anthropic's rise came by doubling down on delivering generative AI to enterprise clients rather than general users, the path initially chosen by OpenAI.

Anthropic Hits $965 Billion Valuation In Latest Funding Round, Surpassing OpenAI

Anthropic overtook OpenAI as the world's most valuable startup after raising $65 billion in Series H, valuing the company at $965 billion. Altimeter Capital, Dragoneer, Greenoaks and Sequoia Capital led the funding round. "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," said Krishna Rao, Chief Financial Officer of Anthropic. Capital Group, Coatue, D1 Capital Partners, GIC, ICONIQ, and XN co-led the effort. Significant investors in this round include AMP PBC, Baillie Gifford, Blackstone, Brookfield, D.E. Shaw Ventures, DST Global, Fidelity Management & Research Company, General Catalyst, Insight Partners, Jane Street, Lightspeed Venture Partners, MGX, NTTVC, NX1 Capital, Situational Awareness LP, T. Rowe Price Associates, Inc., T. Rowe Price Investment Management, Inc., and Temasek. The fundraise also includes $15 billion of previously committed investments from hyperscalers, including $5 billion from Amazon. Micron, Samsung, and SK hynix joined the round as strategic infrastructure partners to "help scale our compute reliably at the pace our customers need," Anthropic noted. The announcement comes just as Anthropic rolled out Claude Opus 4.8. Anthropic Racks Up Partnerships Founded in 2021 by former OpenAI employees, Anthropic has quickly established itself as a key player in artificial intelligence, building tools that are reshaping how businesses approach areas like coding and cybersecurity. Last month, Anthropic reportedly met with investors about new financing that could value the company at $900 billion, more than doubling its $380 billion valuation in February. The company has recently expanded its compute capacity, signing agreements with Amazon for 5 gigawatts of new capacity and with Google and Broadcom for 5 gigawatts of next-generation TPU capacity. Anthropic also recently partnered with SpaceX for access to GPU capacity in its Colossus 1 and Colossus 2 plants. The firm's latest AI model, Claude Opus 4.8, aims to deliver improved performance and new controls for customers and developers, the company also announced this week. Anthropic is in the midst of working on Project Glasswing, an AI-assisted security testing effort that more than 50 organizations are collaborating on. Anthropic released an update regarding the project last week. Market News and Data brought to you by Benzinga APIs To add Benzinga News as your preferred source on Google, click here.

Anthropic Becomes World's Most Valuable AI Startup at $965 Billion | PYMNTS.com

The round includes previously committed investments of $15 billion from hyperscalers, including $5 billion from Amazon, according to the release. It was reported in April that a valuation of more than $900 billion would push Anthropic past rival OpenAI to become the most valuable artificial intelligence startup in the world. Anthropic's new valuation is up from the $380 billion valuation it achieved in a February Series G funding round in which it raised $30 billion, and the $183 billion valuation it secured in a September Series F round in which it raised $13 billion. The company said in its Thursday press release that it will use the new funding to advance its safety and interpretability research, expand compute, and scale products and partnerships. Anthropic also said that since the February Series G, it has seen growing adoption of its Claude model among global enterprise customers. The company added that earlier this month, its run-rate revenue crossed $47 billion. "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," Anthropic Chief Financial Officer Krishna Rao said in the release. The latest funding round was led by Altimeter Capital, Dragoneer, Greenoaks and Sequoia Capital. It was reported May 20 that Anthropic is on track to post its first operating profit in the second quarter, less than a year after the company gave investors financial guidance that suggested it did not expect to turn a full-year profit until at least 2028. Anthropic announced in another Thursday press release that it launched Claude Opus 4.8 and that compared to this its predecessor, Opus 4.7, this new version delivers improvements across benchmarks and is a more effective collaborator. The benchmarks on which Opus 4.8 surpasses the previous model include coding, agentic skills, reasoning and practical knowledge work tasks, according to the release. "Early testers have found Claude Opus 4.8 to be more reliable and sharper in its judgment when it's performing agentic tasks," Anthropic said in the release. It was reported May 20 that demand for Anthropic's coding tools has been the company's primary growth driver.

Anthropic nears $1 trillion valuation following record-breaking funding round

Anthropic has announced a $65bn Series H funding round, bringing its post-money valuation to $965bn. The round was led by Altimeter Capital, Dragoneer, Green oaks and Sequoia Capital, underscoring the massive investor appetite for companies specializing in generative artificial intelligence. This capital raise also includes $15bn in previously committed investments from several major cloud providers, including a $5bn contribution from Amazon. Anthropic stated that product adoption continues to accelerate among large global enterprises, with its annualized revenue surpassing $47bn earlier this month. The AI specialist was previously valued at $380bn last February following a $30bn funding round. This latest transaction confirms the spectacular escalation of valuations within the AI sector, driven by record investments in infrastructure, advanced models, and the computing power required to develop the technology.

Anthropic Raises $65 Billion, Reaches $965 Billion Valuation

Artificial intelligence firm Anthropic announced on Thursday that it has secured $65 billion in private funding, elevating its valuation to an impressive $965 billion. This significant funding round positions Anthropic, the creator of the Claude chatbot, among the most valuable startups globally as it approaches a potential Wall Street debut. This latest announcement propels Anthropic ahead of its primary competitor, OpenAI, in terms of both market valuation and reported revenue. The company stated that it is now generating annualized revenue of $47 billion from clients utilizing Claude for various tasks, including coding and personal assistance. Funding and Market Position Founded in 2021 by former leaders from OpenAI, Anthropic has emerged as a formidable player in the AI sector. Alongside OpenAI and Elon Musk's SpaceX, all three companies are expected to pursue public trading, although they continue to report financial losses, raising concerns about a potential AI bubble. The funding round was spearheaded by notable investment firms, including Altimeter Capital, Dragoneer Investment Group, Greenoaks Capital, and Sequoia Capital. Anthropic's Chief Financial Officer, Krishna Rao, stated that this funding will enable the company to meet the historic demand for its services and enhance its research capabilities. Launch of New AI Model On the same day, Anthropic introduced its latest AI model, Claude Opus 4.8, which the company claims is superior in coding and professional tasks compared to earlier iterations. This development underscores the company's commitment to advancing its technology in response to increasing market demand. Competitive Landscape Despite Anthropic's rapid growth and the popularity of Claude, OpenAI continues to be a significant competitor. OpenAI recently reported a valuation of $852 billion following a $122 billion fundraising round, illustrating the intense competition within the AI industry. SpaceX's valuation has also surged, reaching $1.25 trillion after its merger with Musk's xAI earlier this year. Musk has announced plans for a major stock sale, which could attract significant investor interest in the coming weeks. Legal Challenges and Industry Influence Anthropic has encountered legal challenges this year, notably a dispute with the Trump administration regarding the use of AI tools like Claude in military applications. The company has initiated legal action in response to restrictions imposed by the administration. Additionally, Anthropic has been in discussions with the White House about the cybersecurity implications of its AI model, Mythos, which is not yet widely accessible. The company also played a role in discussions at the Vatican, contributing to Pope Leo XIV's call for robust AI regulation. AI Regulation and Ethical Considerations Pope Leo XIV's encyclical, titled "Magnifica Humanitas" (Magnificent Humanity), emphasized the necessity for AI developers to prioritize the common good over profit, highlighting the risks associated with concentrated power and data in the private sector.

Anthropic Secures $65 Billion Funding, Valuation Hits $965 Billion

Anthropic, an artificial intelligence company, announced on Thursday that it has secured $65 billion in private funding, raising its valuation to $965 billion. This significant funding positions Anthropic as one of the world's most valuable startups, particularly in the realm of AI technology. The funding announcement propels Anthropic ahead of its main competitor, OpenAI, in both market valuation and reported revenue. The company disclosed that it is generating an annualized revenue of $47 billion through the sale of its technology, particularly the Claude chatbot, which is utilized for various coding and personal tasks. Company Background and Market Position Founded in 2021 by former leaders from OpenAI, Anthropic has quickly positioned itself within the competitive AI landscape. Alongside OpenAI and SpaceX, which is also anticipated to become publicly traded, Anthropic is navigating the challenges of profitability, as all three companies currently report losses that raise concerns about a potential AI market bubble. Details of the Funding Round The recent funding round was spearheaded by notable investment firms including Altimeter Capital, Dragoneer Investment Group, Greenoaks Capital, and Sequoia Capital. This influx of capital is aimed at addressing the unprecedented demand for Anthropic's AI solutions, enhancing research capabilities, and expanding the reach of the Claude chatbot. Launch of New AI Model On the same day, Anthropic introduced its latest AI model, Claude Opus 4.8, which the company claims offers improved performance in coding and professional tasks compared to earlier iterations. This launch reflects Anthropic's commitment to innovation and meeting the evolving needs of its users. Comparison with Competitors As of March, OpenAI reported a valuation of $852 billion following a $122 billion funding round. SpaceX's valuation increased from $800 billion last year to $1.25 trillion after merging with Musk's xAI in February. These figures highlight the competitive nature of the AI industry and the rapid changes in company valuations.