Anthropic raises $65 billion, nears $1T valuation ahead of IPO
TechCrunch • • general
Key Points:
- Anthropic secured $65 billion in its latest Series H funding round, reaching a $965 billion post-money valuation, potentially marking its final private fundraising before going public.
- The round was co-led by major investors including Altimeter Capital, Dragoneer, Sequoia Capital, and institutional investors such as Baillie Gifford and Blackstone, with strategic partners like Samsung and SK Hynix also participating.
- Funds will be used to advance AI safety research, expand compute capacity for Claude, and scale products and partnerships, coinciding with the release of the new Claude Opus 4.8 model featuring improved capabilities and self-correction.
- Anthropic's revenue run rate recently surpassed $47 billion, with expectations of a 130% increase leading to its first operating profit, driven by strong enterprise adoption of Claude Code.
- The company remains in close competition with OpenAI, which raised $122 billion in March at an $852 billion valuation, as both prepare for impending IPOs.