Anthropic raises $65 Billion, nears $1T valuation ahead of IPO

TechCrunch
Anthropic secured $65 billion in Series H funding, achieving a $965 billion valuation as it prepares for a potential initial public offering.

Summary

Anthropic has raised $65 billion in a Series H funding round, pushing its valuation to $965 billion. The round, which includes contributions from major institutional investors and strategic partners like Samsung and Amazon, is expected to be the company's final private financing before an IPO. Anthropic plans to use the capital to enhance its safety research, increase computing power for its Claude model, and scale enterprise partnerships. The announcement coincides with the launch of the Claude Opus 4.8 model and follows reports of significant revenue growth, positioning the company as a key competitor to OpenAI in the AI industry.

(Source:TechCrunch)