Anthropic Reaches $965 Billion Valuation to Become Top AI Company
Anthropic secures a $65 billion funding round that pushes its valuation to $965 billion, officially surpassing OpenAI as the most valuable AI lab in Silicon Valley.
Anthropic raises $65 billion in a Series H funding round that values the artificial intelligence company at $965 billion, making it the most valuable AI firm in Silicon Valley. This massive injection of capital pushes Anthropic past its main rival, OpenAI, which holds an $852 billion valuation following its own record-breaking funding round earlier this year.
The latest round is led by prominent investment firms like Altimeter Capital, Dragoneer, Greenoaks, and Sequoia Capital, and it almost triples Anthropic's valuation since February. The financing includes $15 billion in previously committed investments, featuring $5 billion from Amazon, as the company experiences explosive revenue growth driven by its popular Claude Code assistant.
Anthropic reports a $47 billion revenue run rate alongside the release of its new Claude Opus 4.8 model and the highly anticipated Claude Mythos Preview for cybersecurity. Chief Financial Officer Krishna Rao states that this new funding helps the company serve historic demand and stay at the research frontier as leading AI model makers prepare for upcoming public offerings.