Anthropic Surpasses OpenAI in Valuation After $65 Billion Funding Round

Founded in 2021 by a group of former OpenAI employees, Anthropic has since emerged as a leader in the AI sector. | World News

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Anthropic PBC has raised $65 billion in a funding round that valued the artificial intelligence company at $965 billion, eclipsing rival OpenAI's value for the first time.

The funding, announced Thursday, was led by Altimeter Capital, Dragoneer, Greenoaks and Sequoia Capital, with other investors including D.E. Shaw & Co., Blackstone Inc. and DST Global.

The large round came together in a matter of weeks, a sign of strong investor demand for the Claude maker.

Anthropic expects to post $10.9 billion in revenue for the second quarter, more than doubling from the prior three-month period as demand surges for its AI software.

The company is also on pace for its first profitable quarter, with annualized run rate revenue set to surpass $50 billion by the end of next month.