Anthropic raises $65 billion in new funding at $965 billion valuation
Anthropic closed a $65 billion Series H round at a $965 billion post-money valuation to expand compute and fund safety research.
What Anthropic announced
Anthropic announced that it has raised $65 billion in Series H funding led by Altimeter Capital, Dragoneer, Greenoaks, and Sequoia Capital, valuing the company at $965 billion post-money. The company says global enterprises across industries are deploying Claude in their core operations, and a growing number of people around the world use it for everyday work. Since its Series G round in February, Anthropic says adoption has continued to grow across global enterprise customers, and its run-rate revenue crossed $47 billion earlier this month. Anthropic expects the new funding to advance its safety and interpretability research, expand compute to meet growing demand for Claude, and scale the products and partnerships its customers rely on.
Who is in the round
The round was co-led by Capital Group, Coatue, D1 Capital Partners, GIC, ICONIQ, and XN. Anthropic names further backers including AMP PBC, Baillie Gifford, Blackstone, Brookfield, General Catalyst, Insight Partners, Jane Street, T. Rowe Price, and Temasek, among the many other investors listed in its announcement. It also folds in $15 billion of previously committed hyperscaler capital, $5 billion of it from Amazon. Strategic infrastructure partners Micron, Samsung, and SK hynix joined the round as well, described by Anthropic as playing a critical role in the world's supply of memory, storage, and logic chips.
Expanding compute capacity
Anthropic says it has significantly expanded its compute capacity in recent weeks. It signed a deal with Amazon for up to five gigawatts of new capacity, then struck a separate agreement with Google and Broadcom covering five gigawatts of next-generation TPU capacity. Anthropic also secured GPU access through SpaceX, inside facilities it calls Colossus 1 and Colossus 2. According to Anthropic, Claude is the first frontier model available on all three of the world's largest cloud platforms: Amazon Web Services, Google Cloud, and Microsoft Azure, with AWS remaining its primary cloud provider and training partner.
What investors said
Krishna Rao, Anthropic's Chief Financial Officer, said the 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." Brad Gerstner, Founder and CEO of Altimeter Capital, said Claude's advancements have "driven large-scale adoption among the world's most demanding organizations." Alfred Lin, Partner at Sequoia Capital, said Anthropic is "building the bridge between where enterprise AI stands today and where it's headed."
Key facts
- Anthropic raised $65 billion in Series H funding at a $965 billion post-money valuation.
- Run-rate revenue crossed $47 billion earlier this month, up since the Series G round in February.
- $15 billion of the round was already committed by hyperscalers, $5 billion of it from Amazon.
- Anthropic signed deals for up to five gigawatts of Amazon capacity and five gigawatts of Google/Broadcom TPU capacity, plus SpaceX GPU access.
- Strategic infrastructure partners Micron, Samsung, and SK hynix joined the round.
Check your understanding
What was Anthropic's post-money valuation after the Series H round, and how much did the company raise?
According to Anthropic, what three things does it expect the new funding to advance?