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Anthropic Secures $65 B Series H Funding, Valuation Near $1 T

5/29/2026, 4:29:37 AM

Series H Funding and Valuation

Anthropic, founded in 2021 by OpenAI researchers Dario and Daniela Amodei, raised $65B in a Series H round, valuing it at $965B. The round was led by Altimeter Capital, Dragoneer, Greenoaks, Sequoia Capital, with investors Capital Group, Coatue, D1 Capital Partners, GIC, ICONIQ, XN. This valuation exceeds OpenAI’s disclosed valuation of $840-$852B, making Anthropic the highest-valued private AI firm.

Financial & Operational Highlights

The financing includes $15B of prior hyperscaler commitments, $5B from Amazon, and adds Micron, Samsung, and SK hynix as hardware partners. Anthropic reported $47B run-rate revenue, up from $30B earlier this year, and has raised about $144B since 2021. Compute deals provide five gigawatts each from Amazon, Google/Broadcom, and SpaceX to scale Claude on cloud platforms.

Official Statements & Strategic Priorities

CFO Krishna Rao said the capital will help Anthropic meet historic demand, stay at the research frontier, and broaden Claude’s deployment in workplaces. The company highlighted safety and interpretability research, expanded compute capacity, and scaling of Claude Code, Claude Cowork, and Claude Opus 4.8. Anthropic also plans to roll out Mythos-class models after strengthening cybersecurity safeguards.

Criticism & Security Concerns

The press release warned that Mythos, which can uncover decades-old security flaws, may be misused by attackers and needs stronger cyber safeguards before general release.

Adoption and Market Reach

Enterprises are integrating Claude into workflows, and the model is now offered on Amazon Web Services, Google Cloud, and Microsoft Azure, the three largest cloud platforms. Claude Code and Claude Cowork are cited as key tools driving deeper adoption across Global 5000 firms.

Conflicting Reports & Gaps

OpenAI’s disclosed valuation appears as $840 B in some sources and $852 B in others, creating a discrepancy. Anthropic has not disclosed an IPO timeline, leaving the next financing milestone uncertain.

Verbatim Quotes

  • “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.” — Krishna Rao, Chief Financial Officer, Anthropic
  • “Marc Stad, managing partner at Dragoneer, said Anthropic is helping pull forward a future where intelligence becomes a critical part of how businesses operate and how products reach the world.” — Marc Stad, Managing Partner, Dragoneer
  • “Alfred Lin, partner at Sequoia Capital, said startups and Global 5000 companies are deploying Claude to handle complex workflows, helping the model learn how businesses operate across context, processes, and judgment.” — Alfred Lin, Partner, Sequoia Capital
  • “Claude’s latest advancements have driven large-scale adoption among the world’s most demanding organizations. This momentum positions Anthropic to lead the next phase of AI innovation and capture the enormous opportunity ahead,” — Brad Gerstner, Founder and CEO, Altimeter Capital

What’s Next

Anthropic plans to release Mythos-class models in the coming weeks and may pursue an IPO this year.