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

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Anthropic has snagged another $65 billion in funding at a $965 billion post-money valuation, marking what could be the AI startup’s last private round before debuting on the public markets.

The Series H round was co-led by Altimeter Capital, Dragoneer, Greenoaks, Sequoia Capital, Capital Group, Coatue, D1 Capital Partners and others. Institutional investors including Baillie Gifford, Blackstone, Brookfield, D.E. Shaw Ventures, DST Global, and Fidelity Management & Research participated in the round.

Strategic infrastructure partners, including Samsung, SK Hynix, and Micron, also joined the round. A portion of the round — $15 billion — is also made up of previously committed investments from hyperscalers, including $5 billion from Amazon announced in April.

TechCrunch reported last monththat Anthropic was close to closing a $50 billion round, with investors clamoring to get on the cap table. One institutional investor had even pledged as much as $5 billion just to get a...

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