💰Anthropic Raises $65B in Series H at $965B Valuation
TL;DR
Anthropic's Series H, co-led by Capital Group, Coatue, GIC, ICONIQ, and XN, values it at $965 billion post-money — ahead of OpenAI's $852B mark. Run-rate revenue crossed $47 billion earlier this month, up from $9B at the end of 2025.
Anthropic's Series H, co-led by Capital Group, Coatue, GIC, ICONIQ, and XN, values it at $965 billion post-money — ahead of OpenAI's $852B mark. Run-rate revenue crossed $47 billion earlier this month, up from $9B at the end of 2025.
Key Points
$65B raise at $965B post-money, likely the last private round before IPO
Run-rate revenue crossed $47B this month, up from $9B in December 2025
Co-leads include Capital Group, Coatue, D1 Capital, GIC, ICONIQ, and XN
Sequoia, Altimeter, Dragoneer, and Greenoaks also wrote checks
Funds will go to safety research, compute expansion, and Claude product scale
Why It Matters
Anthropic now outpaces OpenAI on private valuation, and a 5x revenue jump in five months reframes who is winning enterprise AI.
Quick Facts
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