The new valuation following the series H funding round places Anthropic ahead of its competitor OpenAI, which was valued at $852 billion post-money in March.
“Since our series G in February, the adoption has continued to increase among global enterprise customers, and our run-rate revenue exceeded $47 billion earlier this month,” stated Anthropic.
Valued at $380 billion in February after securing $30 billion in funding, the latest round was spearheaded by Altimeter Capital, Dragoneer, Greenoaks, and Sequoia Capital. This round includes $15 billion from previously committed investments from hyperscalers, with Amazon contributing $5 billion.
In April, Amazon announced plans to invest up to $25 billion in Anthropic, as the AI startup pledges to allocate over $100 billion in the next decade towards Amazon’s cloud technologies. This is in addition to the previous $8 billion investment made by Amazon in the company.
