SynopsisThe company’s valuation has more than doubled from $380 billion in February, reflecting its swift rise as a leading competitor in the AI race and intense investor demand for stakes in frontier companies. Anthropic said its run-rate revenue crossed $47 billion earlier this month.AgenciesDario Amodei, CEO of AnthropicArtificial intelligence company Anthropic has raised $65 billion in its latest funding round, at a post-money valuation of $965 billion, putting it well ahead of rival OpenAI."This funding will help us serve the historic demand we are experiencing, stay at the research frontier, and bring Claude to more of the places where work happens," said Krishna Rao, Anthropic's chief financial officer.The company’s valuation has more than doubled from $380 billion in February, reflecting its swift rise as a leading competitor in the AI race and intense investor demand for stakes in frontier companies. Anthropic said its run-rate revenue crossed $47 billion earlier this month.Here's a breakdown of the funding round:Investors:Altimeter Capital, Dragoneer, Greenoaks and Sequoia Capital led the round.Co-leaders include Capital Group, Coatue, D1 Capital Partners, GIC, ICONIQ and XN.Other major investors include Baillie Gifford, Blackstone, Brookfield, D.E. Shaw Ventures, DST Global, Fidelity, General Catalyst, Insight Partners, Jane Street, Lightspeed, MGX, Temasek and T. Rowe Price.Hemant Taneja, CEO of General Catalyst, said this is the largest single investment in the firm's history. "We first invested four rounds ago (March '25 at $61.5b) because of the tech and the soul. It's been a privilege to watch Anthropic grow into one of the world's most important companies," he wrote in a post online."When we first backed Anthropic, we called the team "the architects of the AI future." Today's $65B Series H, valuing the company at $965B, suggests the market agrees," another backer, Bessemer Venture Partners, wrote online.The money:The latest round includes $15 billion of previously committed investments from hyperscalers, including $5 billion from Amazon.Strategic infrastructure partners Micron, Samsung, and SK Hynix also participated in the round.The funds will go toward safety research, expanded compute capacity, and scaling up products and partnerships.The contextThe infusion takes Anthropic past OpenAI, whose most recent funding round in March put the ChatGPT maker at $852 billion.Founded in 2021 by Dario and Daniela Amodei, the company has gone from a seed valuation of around $1 billion to the edge of a trillion dollars in under four years.The Series H is expected to be Anthropic's last private fundraising before an IPO. ...moreElevate your knowledge and leadership skills at a cost cheaper than your daily tea.Subscribe Now