Anthropic raises $65B, valued at $965B, beats OpenAI

Artificial intelligence company Anthropic announced Thursday it has raised $65 billion in a Series H funding round, achieving a post-money valuation of $965 billion. The funding vaults the five-year-old maker of the Claude chatbot ahead of its chief rival, OpenAI, in both valuation and reported revenue.

The new valuation places Anthropic well ahead of OpenAI, which was last valued at $852 billion in March. Anthropic also reported its annualized run-rate revenue crossed $47 billion earlier this month, a figure that surpasses OpenAI's reported revenue. The company was valued at $380 billion in February after raising $30 billion.

The latest funding round was led by investment firms Altimeter Capital, Dragoneer Investment Group, Greenoaks Capital, and Sequoia Capital. It includes $15 billion of previously committed investments from cloud hyperscalers, including $5 billion from Amazon. The round also attracted a wide array of institutional investors and strategic infrastructure partners, including chipmakers Micron, Samsung, and SK hynix.

Company officials stated the capital will be used to expand computing capacity to meet growing demand for Claude, advance safety and...