Anthropic’s run-rate revenue crossed $47bn earlier this month, growing multi-fold from $14bn in February.
Anthropic overtakes OpenAI’s valuation after a $65bn raise values the company at $965bn, as the AI race hits a fever pitch with both the fierce rivals planning for initial public offerings later this year.
The Series H, led by Altimeter, Dragoneer, Greenoaks and Sequoia, comes as Claude enterprise adoption continues to permeate worldwide.
The round was co-led by big-name investors, including Capital Group, Coatue, D1 Capital Partners, GIC, Iconiq and XN, and included significant support from more than a dozen other groups.
The new valuation is higher than analysts’ estimates, which expected Anthropic to be valued as much as $950bn following this round.
