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Anthropic hits $965B valuation with latest funding round, overtaking OpenAI

The round was led by major investors and follows rapid revenue growth to a $47 billion run rate, Anthropic said.

  • Anthropic officially overtook OpenAI as the world's most valuable artificial intelligence startup, announcing a massive $65 billion Series H funding round.
  • The latest capital injection pushes Anthropic's post-money valuation to $965 billion, vaulting it past OpenAI's last reported valuation of $852 billion and putting it on the cusp of the trillion-dollar milestone.
  • The funding round was led by Altimeter Capital, Dragoneer, Greenoaks, and Sequoia Capital, and includes $15 billion of previously committed investments from tech hyperscalers, featuring a $5 billion commitment from Amazon.
  • The startup has nearly tripled its valuation in just over three months, skyrocketing from a $380 billion valuation in February on the back of explosive commercial growth. Anthropic revealed its annualized revenue run-rate crossed $47 billion this month, a meteoric jump from $14 billion in February, driven largely by enterprise adoption of its Claude large language models and software tools like Claude Code.
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Forbes broke the news in United States on Thursday, May 28, 2026.
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