📈Anthropic Closes $65B Round at $965B, Beats OpenAI
TL;DR
Anthropic closed a $65B Series H at a $965B post-money valuation, becoming the most valuable AI company. Run-rate revenue crossed $47B this month.
Anthropic closed a $65B Series H at a $965B post-money valuation, becoming the most valuable AI company. Run-rate revenue crossed $47B this month. Altimeter, Dragoneer, Greenoaks, and Sequoia co-led.
Key Points
$65B raised at $965B post-money valuation, the largest private AI round on record
Run-rate revenue jumped from ~$30B in March to $47B by mid-May 2026
Co-led by Altimeter, Dragoneer, Greenoaks, Sequoia; $15B previously committed by hyperscalers including $5B from Amazon
First time Anthropic's mark exceeds OpenAI, last priced at $852B in March
Why It Matters
If Anthropic now eclipses OpenAI on both revenue growth and valuation, the duopoly story flips — the leader isn't the one with the better demo, it's the one closing the bigger enterprise contracts.
Quick Facts
Frequently Asked Questions
Why does this matter?
If Anthropic now eclipses OpenAI on both revenue growth and valuation, the duopoly story flips — the leader isn't the one with the better demo, it's the one closing the bigger enterprise contracts.
What happened?
Anthropic closed a $65B Series H at a $965B post-money valuation, becoming the most valuable AI company. Run-rate revenue crossed $47B this month.
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