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ANTHROPIC
Anthropic
Artificial Intelligence · San Francisco, California · United States · Founded · 2021 · ≈ · 800 · employees

Anthropic Valuation: $965B After the May 2026 Series H

IPO filed

Anthropic was last valued at $965B (post-money). It comes from the $65B Series H of May 2026. The company is private, so there is no listed share price.

ProfileValuationFundingCompetitorsStock & IPOHow to invest
Anthropic valuation · at a glance
Last valuation
$965B
POST-MONEY · MAY 2026
Lead investors
11
across 13 rounds
Raised across rounds
$133.2B
13 rounds
Date of last round
May 2026
closed 28 May 2026
Valuation history

How the Anthropic valuation has moved

6 valuations. The latest, $965B post-money, was set by the Series H in May 2026.

$965B
Dec 2024
$80B
Series D · post-money
Mar 2025
$61.5B
Series E · post-money
−23% vs prior valuation
Sep 2025
$183B
Series F · post-money
+198% vs prior valuation
Dec 2025
$350B
Round · post-money
+91% vs prior valuation
Feb 2026
$380B
Series G · post-money
+9% vs prior valuation
May 2026
$965BLATEST
Series H · post-money
+154% vs prior valuation
Latest valuation
$965Bpost-money
Set by the Series H · 28 May 2026
×12.1since the $80B Series D in Dec 2024
Valuations
6
Priced rounds with a valuation
Event type
Primary round
The Series H · $65B raised
Undated: Series C at —.
Funding rounds

Anthropic rounds and the valuation each one set

13 rounds
Round
Date
Amount
Valuation
Basis
Series H LATEST
28 May 2026
$65B
$965B
POST-MONEY
Series G
1 Feb 2026
$30B
$380B
POST-MONEY
Round
1 Dec 2025
$10B
$350B
POST-MONEY
Series F
1 Sep 2025
$13B
$183B
POST-MONEY
Series E
1 Mar 2025
$3.5B
$61.5B
POST-MONEY
Series D
1 Dec 2024
$2B
$80B
POST-MONEY
Round
1 Nov 2024
$4B
—
—
Round
1 Mar 2024
$2.8B
—
—
Round
1 Oct 2023
$500M
—
—
Round
1 Sep 2023
$1.2B
—
—
Series B
1 Apr 2022
$580M
—
—
Series A
1 May 2021
$124M
—
—
Series C
—
$450M
—
—
Lead investors
Leads: Altimeter Capital, Dragoneer, Fidelity Management & Research Company, Google, Greenoaks, ICONIQ, Jaan Tallinn, Lightspeed Venture Partners, Sam Bankman-Fried, Sequoia Capital, Spark Capital.
Full funding history — Anthropic profile ›
What the valuation means

What the $965B actually measures

A private valuation is the price agreed in one transaction. The Anthropic valuation of $965B is a post-money figure from the Series H dated 28 May 2026 — the whole company measured after the $65B raised in that round was already inside it. Subtract the round and the pre-money view of the same deal is $900B .

The valuation holds until the next priced round or secondary sale. A private company founded in 2021 with roughly 800 people has no daily price and no order book between rounds.

Where the $965B comes from
EventSeries H, dated 28 May 2026
Basispost-money
Round size$65B
LeadAltimeter Capital, Dragoneer, Greenoaks, Sequoia Capital

Frequently asked questions

Who are Anthropic's competitors?›

The closest artificial intelligence peers are on the competitors page.

How can I get exposure to Anthropic?›

The routes section explains what is realistically available for a company at this stage.

Is Anthropic publicly traded?›

Not yet. Anthropic has filed for an IPO; until it prices, the shares do not trade publicly.

What is Anthropic's valuation?›

The last valuation is $965B (post-money, May 2026).

Who has invested in Anthropic?›

Lead investors for each round are in the funding timeline.

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