After its $65B Series H, Anthropic is valued at $965B post-money, the most valuable private AI company in the world. Here's the full funding history and what's behind the number.
$65B raised · led by Altimeter Capital, Dragoneer, Greenoaks, Sequoia Capital
Co-led by Capital Group, Coatue, D1 Capital, GIC, ICONIQ, and XN. Includes $15B of previously committed hyperscaler investment ($5B from Amazon). Likely the last private round before an IPO.
$10B raised · led by Alphabet (Google)
Up to $40B committed: $10B immediate at a $350B valuation, with $30B contingent on performance targets.
$30B raised · led by Undisclosed
More than doubled valuation versus prior round.
Annualized run-rate revenue, the metric Anthropic reports publicly.
OpenAI's last round valued it near $852B post-money on roughly $24B annualized revenue (~35x). Anthropic, at $965B on ~$47B run-rate (~20x), is both more valuable and trading on a lower revenue multiple, a reversal from a year earlier.