Anthropic Raises $65 Billion, Reaching Near-$1 Trillion Valuation Anthropic’s latest funding round has turned a fierce AI rivalry into a trillion‑dollar face‑off, catapulting the Claude maker past OpenAI in valuation and intensifying scrutiny of whether such growth can stay safe and sustainable.

On May 28, Anthropic announced it had raised $65 billion in a Series H round at a $965 billion post‑money valuation, calling the money a way to “advance our safety and interpretability research, expand compute to meet growing demand for Claude, and scale the products and partnerships our customers rely on.” The company said its run‑rate revenue had already crossed $47 billion earlier in the month, driven by global enterprises deploying Claude in core operations.

Almost simultaneously, tech outlets framed the deal as a historic step. TechCrunch described the raise as a $65 billion Series H that could be Anthropic’s “last private fundraising before debuting on the public markets,” at a $965 billion valuation. Axios similarly reported that the lab “has raised $65 billion, valuing the AI lab at $965 billion,” and noted that this makes Anthropic the most valuable AI startup. The Verge highlighted the “eye‑watering” scale of the round, putting Anthropic’s valuation at $900 billion and stressing that the money is earmarked for safety work, compute, and product scaling.

By May 29, industry analysis focused on the competitive landscape. AI Magazine argued that the US$65 billion Series H “pushes Anthropic ahead of OpenAI,” giving it a US$965 billion valuation versus OpenAI’s US$852 billion, and cast the raise as a pivotal moment in a “tightening AI race” as both companies prepare 2026 IPOs. Business Insider underlined the same point, saying Anthropic’s $65 billion fundraise at a $965 billion valuation “mak[es] it the most valuable AI startup — surpassing its rival OpenAI,” while tying the financial milestone to the release of Anthropic’s Claude Opus 4.8 model, billed as a “modest but tangible improvement” in coding, reasoning, and knowledge work.

From Anthropic’s own perspective, the funding is less about bragging rights and more about infrastructure and safety: the company emphasizes expanded deals with hyperscalers and chipmakers to “scale our compute reliably at the pace our customers need,” while pledging to keep safety and interpretability research at the center of its rapid expansion.

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