$65 billion in Series H funding pushed Anthropic's post-money valuation to $965 billion, putting the Claude maker ahead of OpenAI among AI-first companies.
Altimeter, Dragoneer, Greenoaks and Sequoia led the round as investors bet on Anthropic's revenue surge from enterprise demand and coding tools such as Claude Code.
That lead comes with caveats: OpenAI's $852 billion valuation is based on a round completed two months earlier, and both private companies still offer limited visibility into earnings and spending.
Anthropic has reported only one profitable quarter while carrying huge compute commitments, including hundreds of billions pledged to Amazon, Google and Broadcom over a decade and $1.5 billion a month to SpaceX.
The rivalry could get a clearer market test later this year, with OpenAI reportedly preparing an IPO filing and Anthropic's listing discussed as soon as October.
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Anthropic’s $900 Billion Leap: Claude Code Revenue, Strategic Partnerships, and the 2026 IPO Showdown
Overview
In May 2026, Anthropic is set to finalize a historic funding round, pushing its valuation beyond $900 billion and making it the world’s most valuable AI company. This round, co-led by major investment firms like Sequoia Capital and Dragoneer, is expected to raise up to $50 billion, reflecting strong investor confidence in Anthropic’s future. The significant capital injection will support Anthropic’s rapid growth, driven by the success of its enterprise AI tools and strategic partnerships. This milestone not only highlights Anthropic’s leadership in AI but also sets a new benchmark for the entire tech industry.