Anthropic raises $65 billion, approaching $1 trillion valuation ahead of IPO

Anthropology has faltered Financing worth $65 billion At a post-cash valuation of $965 billion in its latest funding round, marking what could be the AI ​​startup’s last private fundraising before its public market debut.

The Series H round was jointly 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 joined the round. Part of the round – $15 billion – also consists of previously committed investments from hyper-expanding companies, including… $5 billion from Amazon Announced in April.

TechCrunch I mentioned last month That Anthropic was on the cusp of closing a $50 billion round, with investors clamoring to get to the cap table. One institutional investor even pledged as much as $5 billion just for a meeting with Anthropic’s CFO, Krishna Rao.

Anthropic plans to use the new funds to “advance our safety and interpretability research, scale compute to meet growing demand for Claude, and expand the range of products and partnerships our customers rely on.”

The tour comes on the same day Anthropic released its new release cloud opus model 4.8, Which promotes better abilities in agentic tasks, advanced programming, and an emphasis on honesty and self-correction. Artificial intelligence startups too It is said It plans to launch larger-scale models on par with its robust cybersecurity model Mythos, which it has only launched in a limited way due to potential safety concerns.

The company has seen increased growth since its latest funding round, especially among enterprise customers who rely on Claude Code. The company said run rate revenue exceeded $47 billion earlier this month The Wall Street Journal recently reported The startup expects a 130% increase in revenue to achieve its first operating profit.

“Claude’s latest advances have led to widespread adoption among the world’s most demanding organizations. This momentum positions Anthropic to lead the next phase of AI innovation and seize the tremendous opportunity ahead,” said Brad Gerstner, Founder and CEO of Altimeter Capital.

Anthropic has been in intense competition with OpenAI for fundraising and user growth ahead of their respective IPOs. Earlier this year, OpenAI last raised a A massive $122 billion round In March at a post-cash valuation of $852 billion.

Elon Musk SpaceX – which Integrated with xAI earlier this year — targeting a $2 trillion valuation in its shares Waiting for IPOIt seeks to raise more than $75 billion.