Anthropic has reportedly reached a valuation close to $1 trillion after raising $65 billion in its latest funding round, surpassing rival OpenAI as both companies prepare for potential stock market debuts.
The funding round, led by Altimeter Capital, Dragoneer Investment Group, Greenoaks and Sequoia Capital, values the AI startup at approximately $965 billion on a post-money basis.
The company said adoption of its AI assistant Claude has continued to grow among enterprise customers worldwide, with its annualised run-rate revenue crossing $47 billion earlier this month.
“Claude is increasingly indispensable to our growing global community of customers, and we work tirelessly to make tools like Claude Code and Cowork more helpful, more powerful and more adaptable to their needs,” said Krishna Rao, Chief Financial Officer of Anthropic.
According to the company, the newly raised capital will be used to advance safety and interpretability research, expand computing infrastructure to meet growing demand for Claude, and scale products and partnerships.
“This funding will help us serve the historic demand we are experiencing, stay at the research frontier and bring Claude to more places where work happens,” Rao added.
The funding round also drew participation from major investors and infrastructure partners, including Baillie Gifford, Blackstone, Brookfield and D. E. Shaw Ventures.
Technology companies Micron Technology, Samsung Electronics and SK hynix also joined as infrastructure partners.
Anthropic estimates its revenue will reach $10.9 billion this year, more than double its previous projection, and the company is expected to post its first operating profit in the June quarter.
As part of its expansion plans, Anthropic said it has signed agreements with Amazon Web Services for up to five gigawatts of new computing capacity, and with Google Cloud and Broadcom for five gigawatts of next-generation TPU capacity.
The company also announced a partnership with SpaceX to access GPU capacity in Colossus 1 and Colossus 2 systems.
Claude is currently available across the world’s three largest cloud platforms – AWS, Google Cloud and Microsoft Azure.
Alfred Lin, Partner at Sequoia Capital, said startups and large enterprises alike are increasingly deploying Claude for complex business workflows.
“Claude is learning how businesses actually operate — the context, the processes and the judgment,” Lin said.
Earlier this year, OpenAI raised $122 billion in funding, valuing the company at approximately $852 billion.
(With ANI inputs)
