Anthropic has raised $65 billion in funding, pushing the Claude maker to a $965 billion post-money valuation as enterprise demand for frontier AI continues to pull larger pools of capital into compute, cloud capacity and model development.
The Series H round was led by Altimeter Capital, Dragoneer, Greenoaks and Sequoia Capital, with a long investor list that includes Capital Group, Coatue, GIC, ICONIQ, Fidelity, General Catalyst, Blackstone, Brookfield, T. Rowe Price, Temasek and others. Anthropic said the financing also includes $15 billion of previously committed hyperscaler investments, including $5 billion from Amazon (NASDAQ: $AMZN ).
The raise comes only months after Anthropic’s Series G in February and follows a sharp increase in commercial adoption. The company said run-rate revenue crossed $47 billion this month, helped by enterprise customers deploying Claude deeper into daily workflows and more individuals using the product for work.
Anthropic plans to use the funding to advance safety and interpretability research, expand compute capacity and scale the products and partnerships behind Claude. Chief Financial Officer Krishna Rao said the financing will help the company meet “historic demand” while keeping its models at the research frontier.
The compute layer remains central to the story. Anthropic said it recently signed agreements with Amazon for up to five gigawatts of new capacity, with Google (NASDAQ: $GOOGL ) and Broadcom (NASDAQ: $AVGO ) for five gigawatts of next-generation TPU capacity, and with SpaceX for access to GPU capacity in Colossus 1 and Colossus 2.
Those commitments place Anthropic deeper inside the same infrastructure race that has become a defining theme across AI, cloud, semiconductors and digital-asset markets. Companies with access to power, chips, data centers and enterprise distribution are increasingly being valued as the scarce picks-and-shovels layer behind AI adoption.
Claude is now available across Amazon Web Services, Google Cloud and Microsoft (NASDAQ: $MSFT ) Azure, giving Anthropic a broader enterprise channel as the AI market shifts from model releases to deployment scale.
