A new round of funding could be the final stage for an AI startup in raising private capital before entering the public market. The H Series round was led by Altimeter Capital, Dragoneer, Greenoaks, Sequoia Capital, Capital Group, Coatue, and D1 Capital Partners. Institutional investors, including Baillie Gifford, Blackstone, Brookfield, D.E. Shaw Ventures, DST Global, and Fidelity Management & Research, also participated in the deal.
Additionally, strategic infrastructure partners Samsung, SK Hynix, and Micron participated in the round. Some investments had already been previously confirmed, including $5 billion from Amazon announced in April.
Previously, Anthropic was close to closing a $50 billion round, with investor interest in the deal being extremely high. According to the publication, one of the institutional investors was ready to invest up to $5 billion just to gain access to the company.
Anthropic plans to direct the raised funds toward developing security and model interpretation research, expanding Claude’s computing capabilities, and scaling products and partnerships.
On the day the round was announced, the company also introduced the new Claude Opus 4.8 model, which improves capabilities in agent tasks, programming, and self-correction. The company is currently distributing certain cybersecurity-level models in limited quantities due to security risks.
Anthropic demonstrates rapid revenue growth: according to the company, its annual revenue rate has exceeded $47 billion, and analysts expect further growth amid the expansion of the corporate segment.The company competes with OpenAI in the race for capital and development before a future IPO. OpenAI previously raised $122 billion at a valuation of $852 billion. The industry is also discussing plans for other major players, including SpaceX and xAI, to enter public markets.
