Anthropic Raises $65 Billion and Tops OpenAI with $965 Billion Valuation

Overview

• The company announced a $65 billion financing round that values Anthropic at $965 billion, a change reported on Thursday that places it above OpenAI’s most recent private valuation.
• The round was led by Altimeter, Dragoneer, Greenoaks and Sequoia and includes roughly $15 billion in cloud vendor commitments with Amazon reported to provide about $5 billion.
• Anthropic told investors its annualized revenue run rate has surged toward $47–50 billion and guided to roughly $10.9 billion in revenue for the second quarter, a projection based on recent sales.
• Rapid customer demand has strained compute supply, prompting new agreements with Amazon, Google and Broadcom plus a partnership with SpaceX to expand processing and delivery capacity.
• The funding both boosts Anthropic’s near-term cash and infrastructure and raises stakes for imminent public listings by Anthropic and OpenAI, while the founders’ paper wealth has surged and some have pledged large donations.