Anthropic Tops OpenAI With $965 Billion Valuation After $65 Billion Round
*Anthropic closed a $65 billion funding round that set its valuation at $965 billion and placed it ahead of OpenAI for the first time.*
Anthropic PBC raised $65 billion in a round that valued the company at $965 billion post-money. The deal, announced Thursday, was led by Altimeter Capital, Dragoneer, Greenoaks, and Sequoia Capital. Each of the four lead investors contributed more than $2 billion.
The round marks the first time Anthropic has carried a higher valuation than OpenAI. Bloomberg’s reporting notes that Sequoia declined to comment on its participation, while the other three lead firms did not respond to requests for comment.
Prior rounds had kept both companies in closer valuation territory. This latest infusion shifts the gap in Anthropic’s favor on paper.
Funding details
The four lead investors each wrote checks above $2 billion, according to people familiar with the terms. No other investors or tranche sizes were disclosed in the reports.
The valuation includes the new capital. It therefore reflects both the size of the check and the price per share agreed in the round.
Why it matters
For engineers and founders watching the AI tooling market, the number signals that large-scale capital continues to flow toward the two leading model developers. The split in reported valuations may influence hiring, partnership talks, and compute allocation decisions over the next year. Customers and competitors now have a clearer public benchmark for which firm currently commands the higher market-implied resources.
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