Anthropic Raises $65B, Hits $965B Valuation

According to AI startup Anthropic, the company has completed a new funding round totaling USD 65 billion, pushing its post-money valuation to approximately USD 965 billion and surpassing OpenAI’s estimated USD 852 billion valuation reported in March this year. The latest financing highlights the intensifying global competition in the artificial intelligence industry.

Anthropic stated on Thursday that the Series H funding will be used to expand computing infrastructure, enhance the performance and service capacity of its Claude AI chatbot platform, and scale product deployment to meet rapidly growing enterprise demand.

The latest investment more than doubled Anthropic’s valuation from the USD 380 billion recorded during its previous Series G financing round in February, reflecting continued investor enthusiasm toward frontier AI companies and next-generation computing technologies.

In an official blog post, Anthropic said enterprise adoption has accelerated significantly since the completion of the Series G funding round earlier this year. The company also revealed that its annualized revenue surpassed USD 47 billion earlier this month.

Industry observers noted that Anthropic has rapidly emerged as one of the strongest competitors to OpenAI. Its Claude family of models has gained increasing adoption across software development, enterprise AI applications, and long-context processing tasks, further strengthening the company’s position in the global AI market.

Sources familiar with the matter indicated that Anthropic is actively preparing for an initial public offering (IPO). Both Anthropic and OpenAI are reportedly considering public listings as early as this year to secure additional capital for AI chip procurement, data center expansion, and large-scale model training.

Insufficient computing capacity remains one of the biggest constraints facing the AI industry. In recent months, Anthropic has introduced temporary peak-hour usage limits for Claude users due to surging demand while encouraging enterprise customers to shift workloads to off-peak periods through increased compute availability.

The funding round was led by Altimeter Capital, Dragoneer, Greenoaks, and Sequoia Capital, with participation from Coatue and ICONIQ Capital.

Several major AI infrastructure and memory companies also joined the financing round, including Micron Technology, Samsung Electronics, and SK hynix. Their participation reflects continued momentum in the high-bandwidth memory (HBM) and AI data center supply chain driven by rising AI computing demand.

The financing package also includes USD 15 billion in previously committed investments from hyperscale cloud providers, including USD 5 billion from Amazon.

In April, Amazon announced plans to invest up to an additional USD 25 billion in Anthropic. Under their strategic partnership agreement, Anthropic is expected to spend more than USD 100 billion on computing resources through Amazon Web Services over the next decade, excluding Amazon’s earlier USD 8 billion investment.

Market analysts believe Amazon is leveraging Anthropic to strengthen its competitive position against the alliance between Microsoft and OpenAI, as well as competition from Google DeepMind, owned by Alphabet.

In addition to Amazon, Google has previously invested billions of dollars into Anthropic, making the company one of the few AI firms currently backed by multiple global technology giants.

The AI boom has continued to drive aggressive capital expenditure across the technology industry. Major companies including Meta Platforms, Microsoft, Alphabet, and Oracle have recently increased spending on AI data centers and GPU infrastructure.

Meta recently raised its projected 2026 AI-related capital expenditure forecast to between USD 125 billion and USD 145 billion, intensifying discussions around potential AI market overheating and valuation risks.

Despite these concerns, investors continue to bet heavily on the long-term commercial potential of generative AI. According to PitchBook data, global AI-related venture capital funding exceeded USD 400 billion during the first five months of 2026, significantly higher than the same period last year.

Analysts said Anthropic’s valuation surpassing OpenAI marks a new stage in the AI industry race. Future competition is expected to focus not only on model performance, but also on securing advanced AI chips, computing resources, enterprise customers, and sustainable profitability.