Anthropic tops OpenAI as most valuable AI startup, nears $1T valuation
Anthropic is now Silicon Valley’s most valuable AI company.
Artificial intelligence giant announces $65 billion Series H financing $965 billion valuation on Thursday. The funding puts its value above rival AI lab OpenAI.
CNBC reported in late April that Anthropic was in talks to raise capital.
The latest round was led by Altimeter Capital, Dragoneer, Greenoaks and Sequoia Capital and nearly tripled its valuation in February, when it was valued at $380 billion.
OpenAI’s valuation reached $852 billion in late March after completing a record-breaking $122 billion funding round.
Anthropic’s revenue has exploded thanks to popular AI coding assistant Claude Code. Anthropic also reported a revenue run of $47 billion on Thursday. That’s up from $30 billion in sales earlier this year and $10 billion in revenue last year.
company launched Its latest model, the Claude Opus 4.8, was launched earlier on Thursday. Anthropic also wowed Wall Street by introducing the Claude Mythos Preview. A model with advanced cybersecurity features that is only available to a select group of companies.
“Claude is becoming increasingly indispensable to our growing global customer community, and we’re working tirelessly to make tools like Claude Code and Cowork more useful, more powerful, and more adaptable to their needs,” Anthropic CFO Krishna Rao said in Thursday’s press release. he said. “This funding will help us meet the historic demand we are experiencing, stay in the research space, and bring Claude to more places where work is happening.”
Anthropic’s latest round comes as leading AI model makers prepare to go public.
SpaceX, the parent company of Elon Musk’s artificial intelligence startup SpaceXAI, filed its prospectus with the Securities and Exchange Commission last week on its way to an initial public offering.
When Musk merged SpaceX with his artificial intelligence startup in February, the combined company was valued at $1.25 trillion.
CNBC confirmed that OpenAI is preparing to file its confidential IPO prospectus in the coming days or weeks.
The startup, led by Sam Altman, plans to go public in September, a source familiar with the matter said. The person spoke on condition of anonymity to discuss internal decisions.
Not to be left too far behind, Anthropic is also preparing for an IPO behind the scenes, CNBC previously reported, though the timing of that effort remains fluid.
