Anthropic · 2026-05-28 · major
Anthropic Raises $65B at $965B Post-Money — Series H Led by Altimeter, Dragoneer, Greenoaks, and Sequoia Tags On Top of $47B Run-Rate Revenue
Anthropic closed a $65B Series H at a $965B post-money valuation. Co-leaders include Capital Group, Coatue, D1, GIC, ICONIQ, and XN, with Micron, Samsung, and SK hynix joining as chip partners. Run-rate revenue passed $47B.
Anthropic banks $65B at a $965B valuation, with hyperscalers and chip vendors stapling compute onto the round.
Key specs
| Round size | $65B |
|---|---|
| Post money valuation | $965B |
| Run rate revenue | $47B |
| Amazon compute | 5 GW |
| Google broadcom tpu | 5 GW |
What is it?
A Series H funding round of $65 billion that closes Anthropic's third raise of 2026. Four firms — Altimeter, Dragoneer, Greenoaks, and Sequoia — co-lead. The post-money valuation is $965B, which puts Anthropic within touching distance of a $1T private market cap.
How does it work?
Capital Group, Coatue, D1, GIC, ICONIQ, and XN sit alongside the leads as co-leaders, with $15B coming from hyperscalers ($5B from Amazon). Micron, Samsung, and SK hynix joined as strategic memory-chip investors. Alongside the cash, Anthropic locked in 5 GW of Amazon Trainium capacity, 5 GW of Google/Broadcom TPUs, and GPU access from SpaceX.
Why does it matter?
It cements Anthropic as the most heavily funded AI lab outside OpenAI and puts hard numbers on the demand thesis: a $47B run-rate against $965B valuation implies investors are paying about 20× ARR for a company that has tripled revenue in a quarter. The compute pre-buys also reshape the GPU and TPU supply picture for everyone else.
Who is it for?
Operators, investors, and customers tracking how Claude's commercial footprint translates into compute and capex.
Try it
Read the announcement: https://www.anthropic.com/news/series-h