Anthropic is the new king of valuation in the world of artificial intelligence

Key conclusions

American technology startup Anthropic achieved a record valuation of $965 billion, leaving behind the previous market leader, OpenAI.

The giant financing round brought the company $65 billion in fresh capital from Venture Capital funds and strategic hardware partners.

The creators of Claude models are preparing for a debut on the public stock exchange, and the filing of stock exchange documents is expected to take place in the coming weeks.

The artificial intelligence sector has gained a new leader in terms of capitalization. After closing the gigantic Series H financing round, Anthropic’s market value soared to $965 billion. This marks a historic shift in the U.S. tech sector podium. The creators of the popular Claude assistant have overtaken the current leader, OpenAI, whose current value is estimated by investors at approximately USD 852 billion. The difference in favor of the new leader is currently $110 billion. The scale of this success is shown by the fact that in February this year, Anthropic’s valuation was around $380 billion.

A new injection of capital for project development

The latest capital raise attracted the loudest names from the Venture Capital industry and key technology players. The main institutional investors in this phase were Sequoia Capital and Altimeter Capital funds. Each of these entities credited the startup’s account with an amount exceeding $2 billion. A total of USD 65 billion was transferred to the company’s coffers, of which as much as USD 15 billion were direct declarations from corporate giants.

Among them, Amazon plays an important role, having put $5 billion on the table, increasing its total planned commitment limit to $25 billion. Interestingly, Jeff Bezos’ company protects its interests in two ways and invests in OpenAI in parallel. In exchange for enormous support, Anthropic signed a multi-year infrastructure contract. He has committed to spending more than $100 billion on cloud services in the Amazon AWS ecosystem over the next decade. The list of investors also includes Asian giants responsible for the supply of modern HBM memories that power modern graphics accelerators for AI calculations. Samsung, SK Hynix and Micron took part in the round.

The path to the stock exchange and the financial realities of Anthropic

Closing the Series H round is a rare feat in the world of young technology companies. Most entities at this stage of development are already consolidating, being taken over by larger players or debuting on the stock exchange. Facebook, for example, has come such a long way in private structures in the past. As reported by CNBC and Fortune magazine, such a huge cash injection is part of the exit strategy. The company is intensively preparing for its stock exchange debut, and the official prospectus will be submitted to regulators in the coming weeks.

However, maintaining the leading position costs huge sums. Despite the great sales results of the commercial Claude Code package, the costs of maintaining data centers and training new algorithms are constantly increasing. Huge infrastructure spending forced the management to revise its previous financial plans. According to the latest forecasts, achieving sustainable profitability and positive cash flows will not occur until 2028.