Anthropic closed a $65 billion funding round on May 28, 2026, pushing its valuation to $965 billion and overtaking OpenAI's $852 billion valuation set in March 2026 [1, 2, 3]. The funding round was led by Altimeter Capital, Dragoneer, Greenoaks, and Sequoia Capital, with each contributing over $2 billion [2, 4, 3]. Google and Amazon also made significant investments, including several billion dollars from Google as part of a $40 billion commitment and $5 billion from Amazon in line with prior pledges [2, 4, 5]. Semiconductor firms Micron, Samsung, and SK Hynix joined as strategic infrastructure partners, although their specific contribution amounts were not disclosed [2, 4, 5].
Anthropic is the developer of the Claude AI model, which is available on major cloud platforms including Amazon Web Services, Google Cloud, and Microsoft Azure [2, 6]. It announced annualized revenue exceeding $47 billion as of late May 2026, a sharp rise from around $10 billion the previous year [4, 7, 8]. The company projects approximately $10.9 billion in revenue for Q2 2026, more than doubling the previous quarter's results, potentially marking its first profitable quarter [4, 5].
The startup has also launched advanced AI technologies such as the Opus 4.8 model with enhanced coding capabilities and is developing a next-generation AI named Mythos featuring improved cybersecurity [2, 9, 10, 7]. Krishna Rao, Anthropic’s CFO, said, "This funding will help us serve the historic demand we are experiencing, stay at the research frontier, and bring Claude to more of the places where work happens." She added that "Demand for Claude products continues to grow rapidly around the world." [2, 7]
Founded in 2021 by former OpenAI employees including CEO Dario Amodei, Anthropic is preparing for an initial public offering possibly as early as fall 2026 [2, 4, 9]. However, the company is currently involved in a legal dispute with the U.S. Pentagon over supply chain risk designation related to military access to its AI models [2, 9].
Anthropic’s next major milestone is the potential IPO expected in the fall of 2026, as it aims to expand its market presence and capitalize on its valuation and revenue growth [2, 4, 5].
