Quick Take
- Anthropic raises $65 Bn (Rs 5,39,500 Cr) in Series H, led by Altimeter Capital, Dragoneer, Greenoaks, and Sequoia Capital.
- The round values Anthropic at $965 Bn post-money, putting it ahead of OpenAI’s $852 Bn valuation for the first time.
- Run-rate revenue crossed $47 Bn this month, and an IPO is expected as early as fall 2026.
In This Article
Anthropic raises $65 Bn (Rs 5,39,500 Cr) in a Series H round at a $965 Bn post-money valuation, making it the world’s most valuable AI startup, ahead of OpenAI for the first time, according to Anthropic’s official announcement on May 28, 2026.
The round was led by Altimeter Capital, Dragoneer, Greenoaks, and Sequoia Capital, with each putting in more than $2 Bn. Capital Group, Coatue, D1 Capital Partners, GIC, ICONIQ, and XN co-led. Strategic infrastructure partners including Samsung, SK Hynix, and Micron also joined. The round includes $15 Bn of previously committed hyperscaler investments, of which Amazon contributed $5 Bn. Alphabet’s Google put in several billion dollars as part of a prior commitment to invest up to $40 Bn in Anthropic over time.
StartupFeed Insight
The non-obvious number in this round is not $65 Bn. It is $47 Bn in annualised run-rate revenue, up from $30 Bn just three months ago. That $17 Bn jump in one quarter is what justified the price. The investors this round attracting, including Micron, Samsung, and SK Hynix, are infrastructure suppliers, not just financial investors. That tells you Anthropic is negotiating compute costs as part of the cap table. For Indian startup founders building on Claude, this matters: a near-trillion-dollar Anthropic with a cemented IPO path means Claude API pricing, reliability, and India-specific features stay investible for the next decade. Expect Anthropic to announce India-specific compute capacity or a data-centre partnership in India by Q4 FY27. By StartupFeed Desk.
Why Did Anthropic Raises $65 Bn Beat All Records?
Three months before this round closed, Anthropic was worth $380 Bn. The Series H values it at $965 Bn, nearly a 2.5x jump in one quarter. The driver is revenue. Anthropic said its run-rate revenue crossed $47 Bn earlier in May 2026, up from $30 Bn in February and roughly $10 Bn a year ago. That trajectory makes the $965 Bn valuation roughly 20x forward revenue, a multiple that investors are clearly comfortable with for the leading frontier AI lab.
The round also came together quickly. Reports from late April 2026 said Anthropic was exploring capital at a more than $900 Bn valuation after receiving inbound interest. The final number exceeded early estimates. The large round assembled in weeks, a sign of strong investor demand for the Claude maker, according to sources cited by Bloomberg News.
| Metric | Detail | Notes |
|---|---|---|
| Round | Series H | Announced May 28, 2026 |
| Total Raised | $65 Bn (Rs 5,39,500 Cr) | Includes $15 Bn hyperscaler commitments |
| Post-Money Valuation | $965 Bn | Eclipses OpenAI’s $852 Bn |
| Lead Investors | Altimeter, Dragoneer, Greenoaks, Sequoia | Each put in more than $2 Bn |
| Run-Rate Revenue (ARR) | $47 Bn | Up from $30 Bn in February 2026 |
| Previous Round (Series G) | $30 Bn at $380 Bn valuation | February 12, 2026 |
The most striking figure in the table: the valuation tripled from $380 Bn to $965 Bn in exactly 105 days. No private tech company has added roughly $585 Bn in paper value in that short a window.
Who Invested in Anthropic’s Series H?
The lead investors, Altimeter Capital, Dragoneer, Greenoaks, and Sequoia Capital, each committed more than $2 Bn. That is a crossover-heavy syndicate, meaning these are funds that invest both in private rounds and in public markets. Their presence signals they are positioning ahead of the IPO (Initial Public Offering, when a private company sells shares to the public for the first time) that Anthropic and OpenAI are both expected to pursue this fall.
Significant investors also include Baillie Gifford, Blackstone, Brookfield, DST Global, Fidelity, General Catalyst, Insight Partners, Lightspeed Venture Partners, Temasek, and T. Rowe Price. The $15 Bn in hyperscaler commitments includes $5 Bn from Amazon, which previously committed up to $40 Bn in Anthropic over time. Amazon.com Inc. invested $5 Bn as part of its prior commitment, Anthropic said in a blog post. Infrastructure partners Micron Technology Inc., Samsung Electronics Co., and SK Hynix Inc. also contributed undisclosed amounts, helping push the round well above the initial $30 Bn target.
About Anthropic
Anthropic PBC is a San Francisco-based AI safety research company. It was founded in 2021 by Dario Amodei (CEO) and Daniela Amodei (President), alongside several former OpenAI researchers. The company builds the Claude family of AI models. Anthropic employs approximately 5,000 people globally, with its India office in Bengaluru opened in February 2026. India is Claude’s second-largest market. Backers include Amazon, Google, Sequoia Capital, Altimeter Capital, and Dragoneer.
What Does This Mean for Indian Startups and IT?
India is Anthropic’s second-largest market globally. Nearly half of Claude usage in India covers computer and mathematical tasks: building apps, modernising legacy systems, and shipping production code. Companies including Air India, CRED, Cognizant, and Razorpay are already building on Claude. Cognizant alone is deploying Claude to 350,000 employees globally to modernise legacy tech systems.
The bigger question for India is the IT services sector. A Cowork plugin released in January 2026 to automate white-collar tasks triggered a global selloff in Indian software stocks, with major IT exporters shedding more than $47 Bn in combined market cap in February. Anthropic’s near-trillion valuation and accelerating revenue mean that pressure on India’s $283 Bn IT services sector is not going away. The companies adapting fastest, like Infosys and Cognizant, are embedding Claude rather than competing with it.
“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.”
Krishna Rao, Chief Financial Officer of Anthropic.
How Does Anthropic Compare to OpenAI Now?
| Company | Latest Valuation | Run-Rate Revenue |
|---|---|---|
| Anthropic | $965 Bn (Series H, May 2026) | $47 Bn ARR |
| OpenAI | $852 Bn (Series G, March 2026) | Approx $30 Bn ARR (estimated) |
| Google DeepMind | Part of Alphabet (public) | Not separately disclosed |
Anthropic now holds the title of the world’s most valuable private AI startup. OpenAI had held that position after its $122 Bn Series G in March 2026 at an $852 Bn valuation. The gap may be short-lived: both companies are expected to file IPO prospectuses in fall 2026. What separates Anthropic from OpenAI is a sharper enterprise revenue story and a safety-first positioning that resonates with regulated sectors.
Also Read
- Anthropic Appoints Sangeeta Bavi to Lead India Startups Push
- AI and Deep-Tech: All Coverage on StartupFeed
- Funding and Deals: Track the Biggest AI Rounds in India
What’s Next
Watch for Anthropic’s IPO prospectus filing with the US SEC (Securities and Exchange Commission) as early as September or October 2026. On the India side, an Anthropic data-centre partnership or India-specific compute announcement is likely by year-end. Will Anthropic cross the $1 Tn valuation mark before going public?
Frequently Asked Questions
How much did Anthropic raises $65 Bn, and who led the round?
Anthropic raises $65 Bn in a Series H round announced May 28, 2026. The round was led by Altimeter Capital, Dragoneer, Greenoaks, and Sequoia Capital, each putting in more than $2 Bn. Amazon, Google, Micron, Samsung, and SK Hynix also participated. The round values Anthropic at $965 Bn post-money.
Does Anthropic now beat OpenAI in valuation?
Yes. The $965 Bn post-money valuation from Anthropic’s Series H puts it ahead of OpenAI, which was valued at $852 Bn after its $122 Bn Series G in March 2026. It is the first time Anthropic has eclipsed OpenAI in valuation. Both companies are expected to file for IPOs in fall 2026.
What does Anthropic’s funding mean for Indian startups building on Claude?
India is Claude’s second-largest market globally. Anthropic’s Bengaluru office opened in February 2026, and Indian companies including CRED, Razorpay, Air India, and Cognizant are actively building on Claude. A well-funded Anthropic with a clear IPO path means API stability, better India-language models, and continued product investment for Indian developers.
