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Anthropic Raises Funding at $96.5 Billion Valuation, Overtaking OpenAI

Source
Korea Economic Daily

Summary

  • Anthropic said it was valued at $96.5 billion in its latest funding round, surpassing OpenAI’s $85.2 billion.
  • Anthropic said annualized revenue reached $4.7 billion, up more than fivefold from last year’s $900 million, helped by the spread of its enterprise AI coding service Claude.
  • The $6.5 billion funding round included Altimeter Capital, Dragoneer, Greenoaks, Sequoia Capital and hyperscale cloud providers including Amazon, the company said.

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Anthropic / Photo: Hankyung DB
Anthropic / Photo: Hankyung DB

Anthropic has raised fresh funding at a $96.5 billion valuation, surpassing OpenAI’s $85.2 billion and becoming the world’s most valuable artificial intelligence startup.

Yahoo Finance reported on May 28 that Anthropic had completed a new $6.5 billion funding round that valued the company at $96.5 billion. OpenAI was valued at $85.2 billion when it raised funding in March.

Anthropic’s growth has been driven by its competitiveness in the enterprise AI market. Its AI coding service, Claude, has spread rapidly among corporate customers, helping lift revenue.

Anthropic said in April that its annualized revenue had exceeded $3 billion. On May 28, it raised that figure to $4.7 billion. That is more than five times last year’s $900 million.

Investors in the latest round included Altimeter Capital, Dragoneer, Greenoaks and Sequoia Capital. The total also included roughly $1.5 billion in previously committed investment from hyperscale cloud providers, including Amazon.

Anthropic and OpenAI have now begun competing in earnest toward an initial public offering. Along with SpaceX, the two companies are among the most closely watched private firms this year.

Kyung-woo Han, Hankyung.com reporter case@hankyung.com

Korea Economic Daily

Korea Economic Daily

hankyung@bloomingbit.ioThe Korea Economic Daily Global is a digital media where latest news on Korean companies, industries, and financial markets.
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