Anthropic announced raising $65 billion in private funding, pushing its valuation to $965 billion. This valuation makes it one of the most valuable startups globally. The company, known for developing the Claude chatbot, now surpasses rival OpenAI in market value and reported revenue.
Anthropic reports an annualized revenue of $47 billion, driven by its technology’s use in coding and other tasks. Founded in 2021 by former OpenAI leaders, Anthropic, along with SpaceX, is expected to debut in public trading. Despite financial growth, these companies still face losses, raising concerns about an AI bubble.
The recent funding round saw contributions from Altimeter Capital, Dragoneer Investment Group, Greenoaks Capital, and Sequoia Capital. According to CFO Krishna Rao, the funds aim to meet rising demand and advance research, expanding Claude’s implementation in workplaces.
Anthropic also introduced its latest AI model, Claude Opus 4.8, claiming improved capabilities in professional work, including coding. As Claude gains traction, OpenAI finds itself trailing despite its success with ChatGPT.
In March, OpenAI aimed for an $852 billion valuation after a significant fundraising effort. Meanwhile, SpaceX’s valuation increased to $1.25 trillion after merging with Musk’s xAI. Musk’s impending stock sale could be one of the largest, and OpenAI has progressed toward an IPO after overcoming a legal dispute with Musk, an initial supporter.
While Anthropic enjoys success, it has encountered challenges, such as a legal conflict with the Trump administration over Claude’s military applications. In February, President Trump directed U.S. agencies to cease using Claude, labeling the company a supply chain risk through Defense Secretary Pete Hegseth. The legal issue is still under federal court review.
Additionally, Anthropic is in discussions with the White House about cybersecurity for its advanced model, Mythos. The company also played a significant role at the Vatican when Pope Leo XIV urged AI regulation and ethical development. His encyclical “Magnifica Humanitas” criticized the concentration of power and data in few private hands.