Anthropic raises $65 billion, reaches $965 billion valuation

The Story

Artificial intelligence company Anthropic announced a $65 billion Series H funding round on Thursday, bringing its post-money valuation to $965 billion. The funding vaults the five-year-old maker of the Claude chatbot ahead of rival OpenAI in market value. Anthropic also launched its new Claude Opus 4.8 AI model on the same day.

Key Facts

• Anthropic raised $65 billion in a Series H funding round, giving it a post-money valuation of $965 billion.
• Anthropic’s valuation now surpasses OpenAI’s $852 billion valuation from its latest fundraise in March.
• The funding round was led by investment firms Altimeter Capital, Dragoneer Investment Group, Greenoaks Capital, and Sequoia Capital.
• Anthropic reported annualized revenue of $47 billion.
• Anthropic released its new Claude Opus 4.8 AI model.

Conflicting Reports

No conflicting reports identified across sources.

Still Unclear

• A portion of the round — $15 billion — consists of previously committed investments from hyperscalers, including $5 billion from Amazon announced in April. (Single-source claim from TechCrunch)
• Anthropic expects a 130% revenue surge to bring its first operating profit. (Single-source claim from TechCrunch)
• Institutional investors participating include Baillie Gifford, Blackstone, Brookfield, D.E. Shaw Ventures, DST Global, and Fidelity Management & Research. (Single-source claim from TechCrunch)
• Strategic infrastructure partners Samsung, SK Hynix, and Micron also joined the round. (Single-source claim from TechCrunch)
• The company is planning to more widely launch models on par with its cybersecurity model Mythos. (Single-source claim from TechCrunch)
• None of the sources specify a date for a potential Anthropic initial public offering.

Misconceptions

No widespread misconceptions addressed in the sources.

Key Figures

• Anthropic: AI company, creator of Claude chatbot.
• OpenAI: Rival AI company, creator of ChatGPT.
• Krishna Rao: Anthropic chief financial officer.
• Brad Gerstner: Founder and CEO of Altimeter Capital.
• Elon Musk: CEO of SpaceX and xAI.

Sources: MarketWatch, TechCrunch, abcnews.com