Anthropic Announces $65 Billion Funding Round at Nearly $1 Trillion Valuation Anthropic’s latest funding round has vaulted the AI safety-focused lab to the brink of a $1 trillion valuation, intensifying the race with OpenAI and raising fresh questions about the pace and scale of investment in frontier models.

On May 28, Anthropic formally announced it had raised $65 billion in Series H funding at a $965 billion post-money valuation. In its own statement, the company framed the raise as fuel to “advance our safety and interpretability research, expand compute to meet growing demand for Claude, and scale the products and partnerships our customers rely on.”

Almost immediately, technology outlets moved to put the numbers in context. Axios headlined that “Anthropic overtakes OpenAI as the most valuable AI startup,” highlighting how the new valuation reshapes the competitive landscape. The Verge described the deal as “Anthropic raised a funding round valuing it at nearly $1 trillion,” noting that the $65 billion Series H set an “eye-watering” benchmark and exceeds OpenAI’s last reported valuation of $730 billion.

Further financial details emerged as business press dug into the cap table. The Financial Times summarized the deal as “Anthropic finalizes $65bn funding deal to surpass OpenAI’s valuation,” underscoring the symbolic importance of edging past its chief rival. TechCrunch reported that Anthropic has “snagged $65 billion in funding at a $965 billion post-money valuation,” adding that this could be the startup’s last private round before a widely anticipated IPO.

From Anthropic’s perspective, the capital is justified by surging commercial traction. The company says global enterprises are now “deploying Claude in their core operations” and that its run-rate revenue recently crossed $47 billion, positioning it to “stay at the research frontier” while serving “historic demand.” Human analysts, meanwhile, are divided between seeing the round as a milestone in AI’s maturation and a sign of overheating valuations in a still-volatile sector.

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