Business

Anthropic Valuation Jumps to $965 billion, Overtakes OpenAI

S

Shivangi

May 29, 2026 11:55 AM IST

Category Business

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Synopsis

Anthropic has raised $65 billion in a Series H funding round, pushing its post-money valuation to $965 billion and moving ahead of rival OpenAI. The artificial intelligence company said the funding will help expand computing capacity and support growing demand for its Claude chatbot and enterprise AI services. Anthropic’s valuation has more than doubled since February as investor demand for leading AI companies continues accelerating. Amazon, Micron, Samsung and SK Hynix were among companies connected to the latest funding round as Anthropic and OpenAI reportedly prepare for possible IPOs.

Anthropic announced $65 million of new funding increasing its valuation to $965 billion which surpasses OpenAI.

Key Highlights

• Anthropic receives $65 billion in Series H funding round
• Anthropic hits $965 billion post-money valuation
• The value has gone past that of OpenAI
• Anthropic had a $380 billion valuation in February
• Amazon announced up to $25 billion in other spending commitments

Anthropic Valuation Passed OpenAI

Anthropic completed a series H $65 billion funding round valuing the company at $965 billion post money. Anthropic’s $965 billion valuation surpasses OpenAI 2026, which was valued at $852 billion in March. This has fueled the ongoing rivalry between the both companies.

That values Anthropic at just over double its $380 billion valuation earlier in February. Adoption of its Claude chatbot and enterprise AI products remained positive, with annualised revenue exceeding $47 billion earlier this month, the company said

How it intends to utilise the funding, and why it is important

The funding round will allow “Anthropic to scale capacity and development of product in alignment with the accelerating deployment of AI services around the world," the company said. The company has been pushed reasonably hard to keep up with user demand in recent months and put usage limits in place during peak periods whilst incentivising off-peak usage with extra computing access.

Investors in the funding round included Altimeter, Capital, Dragoneer, Greenoaks, and Sequoia Capital, with Coatue and ICONIQ serving as the co-leads. Other strategic infrastructure including Micron, Samsung and SK Hynix also participated 

As part of its efforts to expand infrastructure, Anthropic also announced that it would deploy Cloud Mythos in the coming weeks. The company also launched Claude Opus 4.8 at the global scale of AI products and enterprise services.

Anthropic & OpenAI inch toward potential IPOs

Anthropic’s new funding announcement arrives as both Anthropic and OpenAI are preparing for a potential IPO, possibly within the remainder of this year. The companies are pursuing hefty funding rounds for computing resources needed to train future AI models.

Part of the round also includes previously committed funding from hyperscalers, including $15 billion in total, $5 billion of it by Amazon. In April, Amazon announced it could spend another $25 billion alongside Anthropic, which planned to invest over $100 billion during the next 10 years on Amazon cloud tech beyond an earlier investment by Amazon of $8 billion at that time.

FAQs

1. How much funding did Anthropic raise?

Anthropic completed a new funding round with a total of $65 billion raised.

2. What is Anthropic’s valuation?

Anthropic is valued at $965 billion.

3. Did Anthropic surpass OpenAI?

Yes. Anthropic's valuation surpassed the supposed $852 billion valuation of OpenAI.

4. Why is Anthropic raising money?

This funding will be used to expand computing capacity and support growth in AI products.

5. Is Anthropic planning an IPO?

According to reports, Anthropic might consider going public by the end of this year.

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