Anthropic has officially claimed the title of the most valuable artificial intelligence company in Silicon Valley following a massive $65 billion Series H funding round. The investment, which values the company at $965 billion, was spearheaded by prominent firms including Altimeter Capital, Dragoneer, Greenoaks, and Sequoia Capital. This latest financial milestone marks a significant surge for the organization, nearly tripling its valuation from the $380 billion figure recorded in February.

The capital injection includes $15 billion in previously committed investments, notably featuring $5 billion from Amazon. This valuation leap places Anthropic ahead of its primary competitor, OpenAI, which was valued at $852 billion following a $122 billion funding round earlier this spring. Anthropic’s rapid growth is largely attributed to the widespread adoption of its AI coding assistant, Claude Code, and a robust financial performance that saw its revenue run rate climb to $47 billion, up from $30 billion earlier this year.

To maintain its competitive edge, Anthropic continues to push the boundaries of model development, recently unveiling its latest iteration, Claude Opus 4.8. Additionally, the company has introduced Claude Mythos Preview, a specialized model focused on advanced cybersecurity capabilities currently available to a select group of enterprise partners. According to Chief Financial Officer Krishna Rao, the new funding will be instrumental in meeting the historic demand for these tools and ensuring the company remains at the forefront of AI research.

As the industry matures, the race toward public markets is intensifying. While OpenAI is reportedly preparing to file its confidential IPO prospectus with plans to go public as early as September, Anthropic is also actively readying its own path to an initial public offering. These moves follow the recent IPO filing by Elon Musk’s SpaceX, which holds a valuation of $1.25 trillion following the integration of his AI startup, signaling a broader trend of major AI players transitioning into the public sector.