Anthropic Rockets to $965 Billion Valuation, Topping OpenAI in AI Showdown
Latest $65 billion fundraising round led by Altimeter Capital, Dragoneer, Greenoaks and Sequoia Capital
AI startup Anthropic closed a funding round at a $965 billion valuation, rocketing past ChatGPT-maker OpenAI as the companies race ahead on expected public listings this year.
The company has emerged as the front-runner in the AI race and is on track next month to hit $50 billion in “annualized revenue”—a metric startups use that employs short-term sales to forecast a yearly figure. That figure grew 80-fold in the first quarter.
Anthropic, founded in 2021 by Dario Amodei and others who decamped from OpenAI, raised $65 billion from investors including Altimeter Capital, Dragoneer, Sequoia Capital and others, about half OpenAI’s tally that closed earlier this year.
The $965 billion valuation more than doubles Anthropic’s previous value.
Known for its Claude models, which went viral late last year when paired with tools such as Claude Code, Anthropic has seen outsize revenue growth as businesses began enabling employees to use its systems.