Anthropic tops OpenAI as most valuable AI startup, nears $1 trillion valuation in latest round
by Kate Rooney · CNBCKey Points
- AI giant Anthropic is now worth more than OpenAI.
- Anthropic announced a $65 billion Series H financing at a $965 billion valuation, a round led by Altimeter Capital, Dragoneer, Greenoaks, and Sequoia Capital.
- The financing puts its value above rival AI lab, OpenAI.
Anthropic is now the most valuable artificial intelligence company in Silicon Valley.
The AI giant announced a $65 billion Series H financing at a $965 billion valuation on Thursday. The financing puts its value above rival AI lab OpenAI.
CNBC reported in late April that Anthropic was in talks to raise capital.
The newest round was led by Altimeter Capital, Dragoneer, Greenoaks, and Sequoia Capital and almost triples its valuation from February, when it was worth $380 billion.
OpenAI was valued at $852 billion in late March after closing a record-breaking $122 billion funding round.
Anthropic's revenue has exploded thanks to its popular AI coding assistant, Claude Code. Anthropic also reported a $47 billion revenue run rate on Thursday. That's up from $30 billion run rate earlier this year, and $10 billion in revenue last year.
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The company released its latest model, Claude Opus 4.8, earlier on Thursday. Anthropic has also captivated Wall Street by unveiling Claude Mythos Preview, a model with advanced cybersecurity capabilities that's only available to a select group of companies.
"Claude is increasingly indispensable to our growing global community of customers, and we work tirelessly to make tools like Claude Code and Cowork more helpful, more powerful, and more adaptable to their needs," Anthropic CFO Krishna Rao said in Thursday's press release. "This funding will help us serve the historic demand we are experiencing, stay at the research frontier, and bring Claude to more of the places where work happens."
Anthropic's latest round comes as the leading AI model makers prepare to go public.
Elon Musk's SpaceX, parent company of his AI startup SpaceXAI, filed its prospectus with the Securities and Exchange Commission last week on its way to an initial public offering.
OpenAI is preparing to file its confidential IPO prospectus in the coming days or weeks, CNBC confirmed last week.