.png){kind=logo}
Anthropic reportedly overtook OpenAI in valuation after announcing a massive Series H funding round
at a post-money valuation of $965 billion. The new financing represents a large increase over February, when the Claude maker was valued at $380 billion.
Altimeter Capital, Dragoneer, Greenoaks and Sequoia Capital led the round. It also included $15 billion in previously made investments, including $5 billion from Amazon, the firm said. The new valuation puts Anthropic ahead of OpenAI, which was valued at $852 billion after a $122 billion in March.
At a $965 billion valuation after the capital raise, Anthropic would be the 12th most valuable company, just below the $1 trillion mark.
Anthropic's revenue has grown notably in the past year. Compared with $30 billion in revenue earlier this year and $10 billion in annual revenue last year, the company reported a $47 billion revenue run rate.
A separate report revealed that revenue from run rates had risen to $14 billion in February, demonstrating the rapid rate of enterprise adoption.
The AI coding assistant, Claude Code, from Anthropic is a significant contributor to the demand. The company also unveiled Claude Opus 4.8 and added Claude Mythos Preview, a cybersecurity-focused model, to its current set of models, which is restricted to certain companies.
“Claude is increasingly indispensable to our growing global community of customers, and we work tirelessly to make tools like Claude Code and Cowork more helpful, more powerful, and more adaptable to their needs,” Anthropic Chief Financial Officer Krishna Rao said in Thursday’s press release.
“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.”
Also Read: Google vs OpenAI and Anthropic: Who Will Lead the Next AI Cybersecurity Battle Globally?
Anthropic stated the financing will enable it to broaden its compute sources, security studies, interpretability initiatives and customer interactions. The company has also reinforced its infrastructure partnerships with Amazon, Google, Broadcom, CoreWeave and SpaceX.
Anthropic has pledged over $100 billion to Amazon in the next 10 years for its compute resources, among other things. It has also picked Micron, Samsung Electronics and SK Hynix as strategic partners for infrastructure development, aiming to decrease supply-chain constraints in the memory chip supply chain.
