Anthropic’s run-rate revenue crossed $47bn earlier this month, growing multi-fold from $14bn in February.
Anthropic overtook OpenAI’s valuation after a $65bn raise valued the company at $965bn.
The AI race is reaching fever pitch, with both of the fierce rivals planning for initial public offerings later this year.
The Series H round, led by Altimeter, Dragoneer, Greenoaks and Sequoia, comes as Claude enterprise adoption continues to permeate worldwide.
The round was co-led by big-name investors, including Capital Group, Coatue, D1 Capital Partners, GIC, Iconiq and XN, and included significant support from more than a dozen other groups.
The new valuation is higher than analysts’ estimates, which had projected Anthropic to be valued at up to $950bn following this round.
Anthropic said its run-rate revenue crossed $47bn earlier this month, growing multi-fold from $14bn in February and $5bn in August last year.
Claude’s paid subscriptions have more than doubled this year, according to Anthropic. A Tech Crunch report from March estimated the company’s non-enterprise paid subscriptions growing in record numbers.
Meanwhile, a different report from March found that Anthropic was capturing more than 73pc of first-time enterprise AI customers, with OpenAI only holding around 26pc.
While Anthropic does not disclose its user base, OpenAI, in February, said it crossed more than 900m weekly active users and more than 50m consumer subscribers.
The Claude maker said that the raise will help support safety research and expand computing capacity to keep up with the growing demand for its product.
“Claude is increasingly indispensable to our growing global community of customers, and we work tirelessly to make tools like Claude Code and Cowork more helpful, more powerful and more adaptable to their needs,” said Krishna Rao, Anthropic’s chief financial officer.
“This funding will help us serve the historic demand we are experiencing, stay at the research frontier and bring Claude to more of the places where work happens.”
The round also includes $15bn in previously committed investments from hyperscalers, including $5bn from Amazon for 5GW of new capacity, which is part of a wider $25bn investment plan.
Over recent weeks, the company has also signed agreements with Google and Broadcom for next-generation TPU capacity, and with SpaceX for access to GPU capacity in its Colossus 1 supercomputer.
Also joining the latest round were Anthropic’s strategic infrastructure partners, Micron, Samsung and SK Hynix. “As demand for Claude continues to grow, these relationships will help us scale our compute reliably at the pace our customers need,” the company said.
Anthropic’s popularity skyrocketed following a dispute with the US defence department earlier this year after the company refused to change its safeguards related to using its AI for fully autonomous weapons, or for mass surveillance of US citizens.
The company has since been battling the US administration in court over the banning of its products within government.
In April, Anthropic launched its cybersecurity model Mythos, which sent shockwaves through the industry over its capabilities. Since then, governments and businesses worldwide have sought to adopt the model, so far launched only in a limited capacity to select users.
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