source: techcrunch ai: anthropic raises $65 billion, nears $1t valuation ahead of ipo
level: business
anthropic raised $65 billion in a series h funding round, giving it a post-money valuation of $965 billion. the round was co-led by altimeter capital, dragoneer, greenoaks, sequoia capital, capital group, coatue, and d1 capital partners. other participants included baillie gifford, blackstone, brookfield, d.e. shaw ventures, dst global, fidelity, and strategic partners samsung, sk hynix, and micron. $15 billion of the total came from previously committed hyperscaler investments, including $5 billion from amazon.
the company plans to use the funds for safety and interpretability research, expanding compute for its claude models, and scaling products and partnerships. the same day, anthropic released claude opus 4.8, which improves agentic tasks, coding, and self-correction. it also plans a wider launch of models similar to its cybersecurity-focused mythos model, previously limited due to safety concerns. anthropic's run rate revenue recently passed $47 billion, and it expects a 130% revenue surge to reach its first operating profit.
the funding comes amid intense competition with openai, which raised $122 billion at an $852 billion valuation in march. elon musk's spacex, merged with xai, is targeting a $2 trillion valuation in its upcoming ipo. anthropic's growth has been driven by enterprise adoption of claude code, and investors see the round as positioning the company to lead the next phase of ai innovation.
why it matters: this funding signals massive capital concentration in frontier ai labs, affecting competition, compute access, and the pace of model releases.
source: techcrunch ai: anthropic raises $65 billion, nears $1t valuation ahead of ipo