Anthropic Closes $65 Billion Funding Round, Nears $1 Trillion Valuation Before IPO

AI safety company Anthropic has completed a Series H funding round of $65 billion, bringing its post-money valuation to $965 billion and positioning it just below unicorn status ahead of an expected initial public offering. The round represents what may be the company's final major private capital raise before going public.

Why it matters: This signals major investor confidence in AI frontier labs and suggests the IPO pipeline for generative AI companies is accelerating, with Anthropic potentially becoming one of the fastest companies to reach near-trillion-dollar valuations.