Anthropic raised $65 billion [1] in a Series H funding round on Thursday, valuing the artificial intelligence company at $965 billion [1].

This valuation places Anthropic among the most valuable private companies in the world and positions it ahead of its primary rival, OpenAI. The massive influx of capital allows the company to scale its infrastructure and research capabilities as the race for AI dominance intensifies.

Founded by former OpenAI employees and led by CEO Dario Amodei, Anthropic has focused on developing the Claude series of large language models. The company sought this funding to secure capital for growth and to establish a dominant market position before a potential public-market debut [1], [2].

While most reports indicate a post-money valuation of $965 billion [1], [2], some alternative reports have placed the figure at $900 billion [5]. This range suggests the company is now valued at nearly $1 trillion, a milestone rarely reached by startups before going public.

The Series H round comes at a time of extreme capital concentration in the AI sector. By securing $65 billion [1], [2], Anthropic ensures it has the liquidity necessary to train increasingly complex models and compete for the specialized hardware required for generative AI.

The company continues to position itself as a safety-focused alternative in the AI landscape, though its recent financial trajectory mirrors the aggressive scaling strategies of its competitors.

Anthropic raised $65 billion in a Series H funding round

The near-trillion-dollar valuation of Anthropic signals a shift in the AI industry from experimental growth to massive industrial scaling. By surpassing OpenAI in valuation, Anthropic is demonstrating that investors see a viable path to monetization for safety-centric AI models. This funding level creates a high barrier to entry for new competitors and suggests that the next phase of AI development will be defined by whoever can most effectively deploy vast amounts of capital into compute and talent.