Anthropic Closes $65 Billion Series H at $965 Billion Valuation Ahead of IPO

Anthropic has closed a $65 billion Series H funding round at a $965 billion post-money valuation, nearing a $1 trillion market cap. The round is expected to be the company’s final private fundraise before a highly anticipated IPO. The capital will support model development, compute acquisition, and international expansion as Anthropic competes with OpenAI and Google in the frontier AI market. The valuation signals continued investor conviction in Anthropic’s safety-focused approach even as the broader AI market sees intensifying competition.