Anthropic has raised $65 billion in Series H funding at a $965 billion post-money valuation, with the AI developer linking the investment to rising demand for Claude, expanded compute capacity, and further work on safety and interpretability.
The round was led by Altimeter Capital, Dragoneer, Greenoaks, and Sequoia Capital. Anthropic says the funding will support its research work, scale Claude products, and expand the infrastructure needed to serve enterprise customers.
The funding comes after Anthropic’s Series G round in February. Anthropic says adoption has continued to grow since then, with run-rate revenue crossing $47 billion earlier in May.
For education providers, skills organizations, and employers tracking AI adoption, the funding is another sign that workplace AI tools are moving further into core operational use. Anthropic’s announcement references Claude Code and Cowork, but does not disclose education-specific customers, pricing, or new education products.
The next phase of Anthropic’s expansion will depend heavily on compute agreements and cloud partnerships. Anthropic says it has signed agreements with Amazon for up to five gigawatts of new capacity, with Google and Broadcom for five gigawatts of next-generation TPU capacity, and with SpaceX for access to GPU capacity in Colossus 1 and Colossus 2.
Claude growth drives new infrastructure deals
Anthropic says Claude is now available across Amazon Web Services, Google Cloud, and Microsoft Azure. AWS remains Anthropic’s primary cloud provider and training partner.
The Series H round includes $15 billion of previously committed investments from hyperscalers, including $5 billion from Amazon. Anthropic has also named Micron, Samsung, and SK hynix as strategic infrastructure partners, citing their role in memory, storage, and logic chips.
Krishna Rao, Chief Financial Officer of Anthropic, says: “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. 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.”
The announcement places infrastructure alongside product development. Anthropic is not only raising capital for model development, but also securing access to the cloud, chip, and GPU capacity needed to run and train frontier AI systems.
Investors back enterprise AI adoption
Capital Group, Coatue, D1 Capital Partners, GIC, ICONIQ, and XN co-led the round alongside Altimeter Capital, Dragoneer, Greenoaks, and Sequoia Capital.
Other investors include AMP PBC, Baillie Gifford, Blackstone, Brookfield, D.E. Shaw Ventures, DST Global, Fidelity Management & Research Company, General Catalyst, Insight Partners, Jane Street, Lightspeed Venture Partners, MGX, NTTVC, NX1 Capital, Situational Awareness LP, T. Rowe Price Associates, Inc., T. Rowe Price Investment Management, Inc., and Temasek.
Brad Gerstner, Founder and CEO of Altimeter Capital, says: “Claude’s latest advancements have driven large-scale adoption among the world’s most demanding organizations. This momentum positions Anthropic to lead the next phase of AI innovation and capture the enormous opportunity ahead.”
Alfred Lin, Partner at Sequoia Capital, says: “Startups and Global 5000 companies alike are deploying Claude to handle complex workflows, and in doing so, Claude is learning how businesses actually operate: the context, the processes, the judgment. Anthropic is building the bridge between where enterprise AI stands today and where it’s headed.”
Workplace AI remains the main use case disclosed
Anthropic’s announcement focuses on enterprise demand, developer workflows, and workplace AI products rather than classroom-specific deployments. Claude Code and Cowork are named as products Anthropic is continuing to develop for customer use.
The Series H round does not provide evidence of new Claude adoption by schools, colleges, or universities, but it does add scale to the AI tools increasingly used by developers, employers, and workers whose skills are shaped by education and training systems.
Marc Stad, Managing Partner at Dragoneer, says: “Dragoneer has long partnered with companies building the technology that will shape our future. Anthropic is helping pull forward this future, as intelligence becomes an increasingly critical ingredient to the way businesses operate and how their products show up in the world. The technological progress we are seeing right now is breathtaking. And we believe that we are still in the earliest days of both the development and commercialization of this technology.”
Neil Mehta, Founder and Managing Partner at Greenoaks, says: “Anthropic has built an organization in which the world’s best researchers and engineers operate with unmatched clarity of purpose, because they believe this is the most important work they will ever do. Rarely has a company’s culture, mission, and commercial momentum reinforced each other so completely. We are honored to deepen our partnership.”
Anthropic says the funding will be used to advance safety and interpretability research, expand compute for Claude, and scale products and partnerships. The company has already identified Amazon, Google, Broadcom, SpaceX, Micron, Samsung, and SK hynix as part of the infrastructure behind that expansion.
