‘Claude is increasingly indispensable to our growing global community of customers,’ Anthropic CFO Krishna Rao said.
Artificial intelligence upstart Anthropic revealed that it has raised $65 billion in Series H funding, with some of that money going toward scaling partnerships and with Anthropic surpassing the valuation of rival OpenAI and more than doubling its previously disclosed valuation as the two invest in channel partner programs to grow market share in workplace AI.
San Francisco-based Anthropic, maker of Claude and whose founders started the company after leaving ChatGPT maker OpenAI, puts its valuation at $965 billion post-money, according to an online post Thursday. That’s more than double the $380 billion post-money valuation Anthropic disclosed in February.
Anthropic also updated its run-rate revenue to more than $47 billion, more than triple the $14 billion disclosed in February, and upgraded its Claude Opus AI model to version 4.8.
“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,” Anthropic CFO Krishna Rao said in a statement. “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.”
[RELATED: Anthropic Forms AI Services Company Amid Claude Partner Network Push]
Anthropic’s $65B Series H Pushes Valuation to $965B
CRN has reached out to Anthropic and OpenAI for comment.
Eduardo Ramos, CEO of Austin, Texas-based solution provider Viewnear, is looking to differentiate his company in the partner ecosystems of Anthropic and data analytics vendor Snowflake by marrying expertise in both companies, Ramos told CRN in an interview.
Viewnear has been building enterprise-grade production AI systems with governed Snowflake data anchored on Anthropic Claude, giving users goal-driven AI agents that can complete multi-step work with an outcome-based business model, Ramos said.
“Anthropic, at the end of the day, they want partners that know Anthropic top to bottom,” Ramos said. “We can bring in new accounts, co-sell accounts through them, and they want to sell capacity.”
Anthropic, OpenAI Channel Push
Anthropic’s channel investments this year have included rolling out the Claude Partner Network, which is receiving an initial $100 million investment and a new certification program. System integrators and other services partners currently lead work adopting Claude to organizations’ core operations with hands-on engineering and deep familiarity with business needs, according to the vendor.
Both Anthropic and OpenAI have also launched their own IT services operations. Solution providers have told CRN that they hope those IT services operations work with the vendors’ respective partner ecosystems and share learnings and best practices as partners master new business models around AI, agents and tokens.
In March, OpenAI disclosed that it raised a $122 billion round of funding in committed capital at a post-money valuation of $852 billion. Altimeter, Dragoneer and Sequoia participated in that round. OpenAI also disclosed at the time that enterprise makes up more than 40 percent of its total revenue and should reach parity with consumer revenue by the end of 2026.
Anthropic CEO and co-founder Dario Amodei told CNBC in January that 80 percent of the company’s revenue comes from enterprise sales and the rest from consumer.
Claude Maker More Than Triples Run Rate
Anthropic’s newest round of funding comes three months after it disclosed a $30 billion Series G round of funding–with Microsoft and Nvidia counted among Anthropic’s investors.
Anthropic previously revealed that its run-rate revenue reached $14 billion, up tenfold annually over the past three years the company’s been collecting revenue.
The Claude maker plans to invest the money toward AI safety research, interpretability research, expanded compute, product scaling and partnership scaling.
The vendor has expanded compute capacity with deals including up to five gigawatts from Amazon, up to five gigawatts of Tensor Processing Unit (TPU) capacity from Google and Broadcom and graphics processing unit (GPU) capacity from Elon Musk’s SpaceX. Amazon Web Services is Anthropic’s primary cloud provider and training partner.
SpaceX has filed to go public while CNBC reports that OpenAI wants to go public as soon as September. TechCrunch put SpaceX’s valuation target at $2 trillion with hopes of raising more than $75 billion from its initial public offering. Anthropic’s IPO date is not yet known.
Channel-Minded Investors Back Anthropic’s Series H
Investment firms that led the Series H round include Altimeter Capital, Dragoneer, Greenoaks and Sequoia Capital. Capital Group, Coatue, D1 Capital Partners, GIC, Iconiq and XN co-led the round.
AMP PBC, Baillie Gifford, Blackstone, Brookfield, D.E. Shaw Ventures, DST Global, Fidelity Management & Research Co., General Catalyst, Insight Partners, Jane Street, Lightspeed Venture Partners, MGX, NTTVC, NX1 Capital, Situational Awareness, T. Rowe Price and Temasek made “significant” investments, according to Anthropic. The round also includes $15 billion of previously committed investments from hyperscalers, with $5 billion from Amazon.
Micron, Samsung and SK hynix have offered memory, storage, logic chips and other strategic infrastructure to Anthropic as it works to meet growing Claude demand, according to the vendor.
Altimeter Capital’s portfolio of channel-related investments includes DBT Labs, Hammerspace, Confluent and UiPath.
Dragoneer’s portfolio of channel-related investments includes ClickHouse, New Relic, Databricks, UiPath and Atlassian.
Greenoaks’ portfolio of channel-related investments includes Eon, Databricks and recent Google acquisition Wiz.
Sequoia’s portfolio of channel-related investments includes Alkira, Island, Versa Networks, Grafana, Fireworks AI, DBT Labs, Cohesity, UiPath, Eon, Wiz and Meter.
Claude Opus 4.8 Upgrades
Meanwhile, on the same day as the Series H announcement, Anthropic updated its Opus model to version 4.8 while still maintaining Opus’ $5 per million input tokens and $25 per million output tokens.
Fast mode is priced at $10 per million input tokens and $50 per million output tokens, according to the vendor.
The new version is more likely to flag work uncertainties, less likely to make unsupported claims and less likely to allow its code flaws to pass unremarked, according to Anthropic. Opus 4.8 has lower rates of deception, cooperation with misuse and other misaligned behavior than 4.7.
Opus 4.8 gains a dynamic workflows feature in research preview for more complex tasks including planning work and running hundreds of parallel subagents in a single session. The model verifies outputs before reporting back to users.
Users can also choose how much effort Claude puts into a response, with Claude responding faster and using rate limits more slowly on lower effort settings and thinking more frequently, deeply and using rate limits faster on a higher effort setting.
Users can also update Claude instructions mid-task without breaking prompt caches or routing updates through user turns. This enables permissions updates, token budgeting and environmental context as agents run, according to Anthropic.
Opus 4.8’s fast mode is three times cheaper than previous models and more than doubles model speed, according to Anthropic. The vendor alleges that Opus 4.8 beats OpenAI’s GPT-5.5 and Google’s Gemini 3.1 Pro in agentic coding, multidisciplinary reasoning, agentic computer use, knowledge work and agentic financial analysis.
