Anthropic announced it has closed a $65 billion Series H financing that leaves the company valued at $965 billion post-money. The round was led by Altimeter Capital, Dragoneer, Greenoaks and Sequoia Capital.
Planned uses of the funding
According to Anthropic, the new capital will be used to advance safety and interpretability research, expand compute capacity to meet growing demand for the Claude model, and scale the products and partnerships its customers rely on.
The company said Claude’s adoption has continued to grow among global enterprise customers and everyday users since its Series G in February. Anthropic reported that its run-rate revenue crossed $47 billion earlier this month.
Investors and strategic partners
In addition to the lead investors, the round was co-led by Capital Group, Coatue, D1 Capital Partners, GIC, ICONIQ and XN. Significant investors named in the announcement include AMP PBC, Baillie Gifford, Blackstone, Brookfield, D.E. Shaw Ventures, DST Global, Fidelity Management & Research Company, General Catalyst, Insight Partners, Jane Street, Lightspeed Venture Partners, MGX, NTTVC, NX1 Capital, Situational Awareness LP, T. Rowe Price Associates, Inc., T. Rowe Price Investment Management, Inc., and Temasek.
The financing also includes $15 billion of previously committed investments from hyperscalers, of which $5 billion is from Amazon.
Strategic infrastructure partners listed by Anthropic include Micron, Samsung and SK hynix; the company said these partners play critical roles in the global supply of memory, storage and logic chips and will help scale compute reliably as demand grows.
Compute capacity and cloud agreements
Anthropic said it has significantly expanded compute capacity in recent weeks. It signed agreements with Amazon for up to five gigawatts of new capacity, with Google and Broadcom for five gigawatts of next-generation TPU capacity, and with SpaceX for access to GPU capacity in Colossus 1 and Colossus 2.
The company noted that Claude is the first frontier model available on all three of the world’s largest cloud platforms: Amazon Web Services (AWS), Google Cloud and Microsoft Azure. AWS remains Anthropic’s primary cloud provider and training partner.
Reception and investor comments
The announcement included comments from investors that underscored Claude’s rapid adoption at large, demanding organizations and the opportunity ahead. Brad Gerstner, Founder and CEO of Altimeter Capital, said Claude’s advancements have driven large-scale adoption among demanding organizations and position Anthropic to lead the next phase of AI innovation. Marc Stad, Managing Partner at Dragoneer, praised the pace of technological progress, Neil Mehta, Founder and Managing Partner at Greenoaks, highlighted the company’s culture and mission, and Alfred Lin, Partner at Sequoia Capital, emphasized Claude’s role in helping enterprises handle complex workflows.
Why this matters
A $65 billion capital raise and a near-$1 trillion valuation underscore investor confidence in Anthropic’s commercial traction and in demand for Claude. The funding is intended to allow Anthropic to scale compute rapidly, continue safety and interpretability research, and expand its product and partner ecosystem for enterprise customers.
Anthropic expressed gratitude to its investors and partners as it continues to develop Claude for people and organizations worldwide.
