Anthropic Hits $965 Billion Valuation After Massive $65 Billion Series H Funding Round

Anthropic has raised $65 billion in a new Series H funding round, giving the Claude maker a post-money valuation of $965 billion. The deal comes shortly after the company announced Claude Opus 4.8, its latest flagship AI model for coding, agentic work, reasoning, and enterprise productivity.

Anthropic’s new funding round nears $1 trillion valuation

The Series H round was led by Altimeter Capital, Dragoneer, Greenoaks, and Sequoia Capital. Anthropic detailed the financing in its official Series H funding announcement, which also included co-leads Capital Group, Coatue, D1 Capital Partners, GIC, ICONIQ, and XN.

Other major investors include Blackstone, Fidelity Management & Research Company, General Catalyst, Lightspeed Venture Partners, MGX, Temasek, T. Rowe Price, and several other institutional backers.

Anthropic said the round includes $15 billion in previously committed investments from hyperscalers, including $5 billion from Amazon. The company is also bringing in Micron, Samsung, and SK hynix as strategic infrastructure partners.

Those partnerships matter because AI companies now depend heavily on memory, storage, chips, and large-scale compute capacity.

Claude demand is driving Anthropic’s rapid growth

Anthropic said the funding will support research and development, safety work, compute expansion, and product growth.

The company also plans to scale partnerships used by enterprise customers that rely on Claude for coding, analysis, customer support, and other workplace tasks.

Anthropic now moves ahead of OpenAI by valuation

The new valuation gives Anthropic a higher post-money figure than OpenAI’s latest disclosed round. OpenAI announced in April that it had raised $122 billion at an $852 billion post-money valuation.

Anthropic’s $965 billion valuation now places it ahead of OpenAI on that measure, even though OpenAI raised a larger amount of capital in its own round. The comparison shows how quickly investor expectations have shifted toward Claude’s enterprise growth and Anthropic’s infrastructure strategy.

Revenue has also become a major focus. Anthropic says its run-rate revenue crossed $47 billion earlier this month, helped by strong enterprise adoption.

In separate reports, Anthropic is also said to be paying SpaceX about $15 billion per year for cloud computing infrastructure.

Anthropic is also preparing a broader rollout for Claude Mythos after the model recently surfaced publicly.