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Anthropic Raises $65 Billion, Nears $1T Valuation Ahead of IPO
Anthropic raised $65 billion in Series H funding, pushing its valuation to $965 billion ahead of its IPO.
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Anthropic has secured $65 billion in Series H funding, raising its post-money valuation to $965 billion, which positions the AI startup for its upcoming public market debut. The round, co-led by Altimeter Capital, Dragoneer, Greenoaks, Sequoia Capital, Capital Group, Coatue, D1 Capital Partners, and others, also included participation from institutional investors such as Baillie Gifford, Blackstone, Brookfield, D.E. Shaw Ventures, DST Global, and Fidelity Management & Research. Strategic infrastructure partners like Samsung, SK Hynix, and Micron also joined the round. A portion of the funding, $15 billion, consists of previously committed investments from hyperscalers, including $5 billion from Amazon announced in April. TechCrunch previously reported that Anthropic was nearing a $50 billion round, with some investors pledging as much as $5 billion to secure a meeting with CFO Krishna Rao. The company plans to use the funds to advance safety and interpretability research, expand compute capacity for Claude, and scale products and partnerships. The funding announcement coincided with the release of Claude Opus 4.8, which highlights improvements in agentic tasks, advanced coding, and focus on honesty and self-correction. Anthropic is also reportedly planning to launch models comparable to its cybersecurity model Mythos, which has been released in limited fashion due to safety concerns. The company’s revenue run rate crossed $47 billion earlier this month, and The Wall Street Journal reported a projected 130% revenue increase leading 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 competing with OpenAI for fundraising and user growth ahead of their respective IPOs. OpenAI last raised $122 billion in March at an $852 billion post-money valuation. Elon Musk’s SpaceX, which merged with xAI earlier this year, aims for a $2 trillion valuation in its pending IPO and is seeking more than $75 billion in funding. *Source: [techcrunch](https://techcrunch.com/2026/05/28/anthropic-raises-65-billion-nears-1t-valuation-ahead-of-ipo/)*
Key points
- Anthropic raised $65 billion in Series H funding, raising its valuation to $965 billion.
- The round was co-led by Altimeter Capital, Dragoneer, Greenoaks, Sequoia Capital, Capital Group, Coatue, D1 Capital Partners, and others.
- A portion of the funding, $15 billion, includes previously committed investments from hyperscalers, including $5 billion from Amazon announced in April.
- TechCrunch reported that Anthropic was nearing a $50 billion round, with some investors pledging as much as $5 billion to secure a meeting with CFO Krishna Rao.
- The company plans to use the funds to advance safety and interpretability research, expand compute capacity for Claude, and scale products and partnerships.
- The funding announcement coincided with the release of Claude Opus 4.8, which highlights improvements in agentic tasks, advanced coding, and focus on honesty and self-correction.
- Anthropic’s revenue run rate crossed $47 billion earlier this month, with a projected 130% revenue increase leading to its first operating profit.