Summary
- Anthropic secured $65 billion in a Series H funding round, bringing its valuation to $965 billion.
- The firm reported an annualized revenue exceeding $47 billion this month as adoption of its AI model, Claude, grows among enterprises.
- The raised funds will be used to enhance AI safety research and increase computational capabilities.
On Thursday, Anthropic announced it has raised $65 billion through a Series H funding round, which now values the AI company at $965 billion post-funding, highlighting the rising expenses associated with developing and maintaining cutting-edge AI technologies.
Leading the funding round were Altimeter Capital, Dragoneer, Greenoaks, and Sequoia Capital, with additional backing from investors such as Blackstone, Fidelity, Lightspeed Venture Partners, and Temasek.
“Earlier this month, our annualized revenue surpassed $47 billion,” Anthropic stated on X. “This growth has stemmed from numerous organizations across various sectors integrating Claude into their fundamental operations, alongside an increasing number of users utilizing it in their daily tasks.”
The company indicated that the new funding will facilitate research focused on safety and interpretability, as well as the expansion of the computational infrastructure necessary for training and deploying increasingly powerful AI models. Investors noted that this funding reflects the rising demand for Anthropic’s Claude AI models amongst businesses.
“Claude’s recent developments have led to widespread adoption by some of the most demanding organizations globally,” said Brad Gerstner, founder and CEO of Altimeter Capital. “This momentum positions Anthropic to spearhead the next era of AI innovation.”
With a valuation of $965 billion, Anthropic now surpasses the last known valuation of its main competitor. In March, OpenAI announced a valuation of $852 billion following a funding round of $122 billion, citing a surge in demand for ChatGPT, enterprise AI solutions, and computing resources.
This announcement follows a series of partnerships and investments from Amazon, Google, Broadcom, and SpaceX, as Anthropic seeks to enhance the computational power necessary for Claude’s training and operation.
The funding news also emerges amid a conflict with the Trump administration, as Pentagon officials have requested AI contractors to permit their models to be utilized for “any lawful use,” which includes military applications.
In February, Anthropic, which already had a $200 million contract with the Defense Department, refused to dismantle safeguards preventing Claude from being used for mass surveillance or fully autonomous lethal weaponry. Additionally, cybersecurity professionals have raised alarms regarding the potential for the Claude Mythos model to facilitate advanced cyberattacks.
Despite these concerns, Anthropic reports a continuous surge in demand for Claude from businesses and enterprise clients globally.
“Claude is becoming increasingly essential to our expanding global customer community, and we are dedicated to enhancing tools like Claude Code and Cowork to be more useful, powerful, and adaptable to their requirements,” stated Krishna Rao, Chief Financial Officer of Anthropic. “This funding will enable us to meet the historic demand we are witnessing, remain at the forefront of research, and extend Claude’s reach to more workplaces.”
News of Anthropic's near $1 trillion valuation coincides with the launch of Claude Opus 4.8, the latest iteration of its flagship AI model, and mentions that the contentious cybersecurity-focused Claude Mythos model may become publicly available in the coming weeks as the company works to bolster safeguards around the system.