An artificial intelligence startup announced Thursday it has secured $65 billion in private investment, boosting the company’s worth to $965 billion and making Anthropic one of the globe’s most valuable new companies as it moves toward a potential public stock offering.
The funding milestone puts Anthropic beyond its primary competitor, the company behind ChatGPT, in both market worth and reported earnings. The firm reports it now generates $47 billion annually by licensing its technology to individuals and businesses that use Claude for coding and various professional and personal tasks.
Founded in 2021 by former leaders from its main rival, Anthropic joins two other major tech companies expected to go public soon. All three firms currently spend more than they earn, raising questions about whether AI valuations represent a market bubble.
The latest investment round received backing from Altimeter Capital, Dragoneer Investment Group, Greenoaks Capital and Sequoia Capital, according to the company’s announcement.
“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,” Krishna Rao, the company’s chief financial officer, said in a written statement.
The AI firm also unveiled its latest technology model Thursday, dubbed Claude Opus 4.8, claiming superior performance in coding and professional applications compared to earlier versions.
The ChatGPT creator last reported in March it was moving toward an $852 billion valuation following a $122 billion fundraising effort. SpaceX held an $800 billion value last year, but that figure jumped to $1.25 trillion after the space company combined with Musk’s xAI in February.
