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May 28, 20261
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Anthropic Raises $65 Billion at $965 Billion Valuation, Approaching IPO
Anthropic has raised $65 billion in Series H funding at a $965 billion post-money valuation, approaching a $1 trillion company valuation ahead of its anticipated IPO. The round was led by major venture capital and institutional investors, with infrastructure partners including Samsung and SK Hynix also participating. The company reported a $47 billion run rate revenue and is planning a 130% revenue increase to reach its first operating profit.
Quick Facts
Who
Anthropic
What
Series H funding round closed
When
May 28, 2026
Where
United States
- Series H funding round closed
- Claude Opus 4.8 model released
- Plans to expand compute capacity
- Planned broader launch of cybersecurity-focused models
- Targeting IPO
Anthropic has secured $65 billion in funding at a $965 billion post-money valuation in its Series H round, positioning the AI company near a $1 trillion valuation ahead of its expected initial public offering. The funding round was co-led by prominent venture capital firms Altimeter Capital, Dragoneer, Greenoaks, Sequoia Capital, Capital Group, Coatue, and D1 Capital Partners, with participation from major institutional investors including Baillie Gifford, Blackstone, Brookfield, D.E. Shaw Ventures, DST Global, and Fidelity Management & Research.
Strategic infrastructure partners including Samsung, SK Hynix, and Micron also participated in the round, which includes $15 billion in previously committed investments from hyperscalers. This includes a $5 billion commitment from Amazon announced in April. The substantial funding underscores investor confidence in Anthropic's growth trajectory, as the company reported a run rate revenue of $47 billion earlier this month and is projecting a 130% revenue surge that would bring it to its first operating profit.
Anthropic plans to deploy the new capital to advance safety and interpretability research, expand computational capacity to meet growing demand for its Claude AI model, and scale products and partnerships for enterprise customers. The funding announcement coincided with the company's release of Claude Opus 4.8, a new model featuring improved capabilities in agentic tasks, advanced coding, and enhanced honesty and self-correction. The company is also planning broader launches of models comparable to its cybersecurity-focused Mythos model, which has previously been available only in limited release due to safety considerations.
The round reflects intense competition in the AI sector as companies race toward public markets. OpenAI raised $122 billion at an $852 billion valuation in March, while SpaceX (which merged with xAI earlier this year) is targeting a $2 trillion valuation in its pending IPO and seeking to raise more than $75 billion. Anthropic's strong enterprise adoption, particularly among customers using Claude Code, has driven its rapid growth and positioned it as a major competitor in the generative AI landscape.
Topics
Why This Matters
Anthropic's $965 billion valuation and massive Series H round signal a significant consolidation of capital in AI development, driven by urgent infrastructure and computational demands. For investors, this represents a critical benchmark in valuing generative AI companies ahead of wave of IPOs; for enterprise customers, it indicates sustained investment in Claude's development and safety standards; for the broader AI sector, it underscores how quickly frontier AI companies can scale to $1 trillion valuations while remaining private, reshaping expectations for profitability timelines and competitive dynamics.
Timeline & Sources
May 15, 2026
WireAnthropic reports run rate revenue crossing $47 billion
May 28, 2026
WireAnthropic announces $65 billion Series H funding round at $965 billion valuation; releases Claude Opus 4.8 model