Anthropic Raises $65B in Funding, Valued at $965B
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 20 hours ago
0mins
Catch up on the top artificial intelligence news and commentary by Wall Street analysts on publicly traded companies in the space with this daily recap compiled by The Fly.ANTHROPIC RAISES $65B:Anthropic has raised $65B in Series H funding led by Altimeter Capital, Dragoneer, Greenoaks, and Sequoia Capital, valuing the company at $965B post-money, the company announced. Anthropic stated, "Global enterprises across industries are deploying Claude in their core operations, and a growing number of people around the world use it for their everyday work. Since our Series G in February, adoption has continued to grow across global enterprise customers, and our run-rate revenue crossed $47 billion earlier this month. This latest funding is expected to advance our safety and interpretability research, expand compute to meet growing demand for Claude, and scale the products and partnerships our customers rely on."The round was co-led by Capital Group, Coatue, D1 Capital Partners, GIC, ICONIQ, and XN. Significant investors in this round 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, T. Rowe Price Investment Management, and Temasek. It also includes $15 billion of previously committed investments from hyperscalers, including $5 billion from Amazon. Joining them are infrastructure partners Micron, Samsung (SSLNF), and SK Hynix.CLAUDE OPUS 4.8:Anthropic said in a blog post that it is upgrading Claude Opus to a new version -- Claude Opus 4.8. "It builds on Opus 4.7 with improvements across benchmarks, and is a more effective collaborator," the company said. "It's available today for the same price. Opus 4.8 launches alongside several new features. Users on claude.ai now have control over the amount of effort Claude puts into a task. Claude Code has a new "dynamic workflows" feature that allows it to tackle very large-scale problems. And fast mode for Opus 4.8-where the model can work at 2.5 the speed-is now three times cheaper than it was for previous models."SUBSCRIPTION PLANS:Metais in the spotlight on Thursday after the company doubled down on its subscription offerings. The social media giantthat it is rolling out Facebook Plus, Instagram Plus, and WhatsApp Plus under the umbrella of Meta One. According to media reports, Meta One AI plans will have a starting cost of $7.99 a month. Wall Street firm Rosenblatt believes the company's subscription push has "multi-billion-dollar potential."CORGI FUNDING:Private company Corgi announced a $106M Series B1 round, led by TCV with participation from Prime Capital, Zone 2 Ventures, Oliver Jung, Leblon Capital, Kindred Ventures, Quadri Ventures, First Order Fund, Vocal Ventures, Nordstar, GSBackers, Repeat Ventures, 8188 Capital, and other strategic investors. "This fresh round of funding brings the company's valuation to $2.6 billion. The financing will support continued expansion of Corgi's full-stack insurance platform and launch into new lines of commercial insurance," the company stated.AI CAPABILITIES:Weaveannounced the advancement of its AI capabilities with Google Cloud'sGemini Enterprise Agent Platform. By combining Weave's deep expertise in healthcare front-office workflows with AI from Google Cloud, Weave has launched an enterprise-grade Omnichannel AI Receptionist that modernizes the front office and delivers patient experiences across voice and text.
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Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Customer Commitments Drive Growth: Management noted that customer commitments for 2027 are already in place, and current capacity is sold out, indicating that spending is primarily aimed at meeting anticipated workloads rather than speculative investments.
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See More
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- Meta's AI Potential: Meta is investing in several AI projects, including a plan to deliver a superintelligence platform to the masses; despite its unsuccessful pivot to a metaverse company, its use of AI in social media advertising has resulted in a 33% year-over-year revenue growth, indicating strong business growth potential.
- Microsoft's AI Business Growth: Although Microsoft's stock has dropped over 10% in 2026, its latest fiscal quarter saw an 18% revenue increase, with AI business annual run rate rising 123% year-over-year to $37 billion, demonstrating robust growth in cloud computing and AI demand.
- Undervalued Investment Opportunities: Both Meta and Microsoft's stocks are trading at relatively low valuations, with Meta's P/E ratio and Microsoft's cash flow ratio at their lowest points in the past three years, indicating that the market has not fully recognized their potential growth.
- Strategic Significance of Future Growth: As AI technology continues to evolve, Meta's AI smartglasses and Microsoft's Azure cloud services are expected to deliver substantial returns for investors, especially when market sentiment shifts, leading to potential stock price rebounds.
See More
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- Unprecedented Investment: According to Zacks Investment Research senior stock strategist Andrew Rocco, the current investment in the AI sector, particularly in memory chips, has reached unprecedented levels, with companies spending trillions, reflecting strong market demand and confidence in future growth.
- Historical Comparison: Rocco compares the current investment surge to historical events such as the railroad buildout and World War II military expansion, emphasizing that the scale of spending has a significant impact on GDP, indicating that tech companies are actively positioning themselves for future competition.
- Market Drivers: As major tech companies like Nvidia ramp up their investments in AI, the demand for data centers is also increasing, which not only boosts the stock prices of related firms but also fosters technological advancements and market expansion across the industry.
- Intensified Competitive Pressure: Rocco notes that tech companies are investing in AI not just for short-term returns but to maintain a competitive edge, with firms willing to take risks and increase spending rather than fall behind in this technological race.
See More
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- Intensifying Competition: With competitors like Cerebras Systems going public, Nvidia's dominance in the GPU market is under pressure, particularly as the AI industry shifts from training to inference, necessitating increased R&D investments to maintain market share and competitive edge.
- R&D Investment Priority: Despite the dividend hike, Nvidia prioritizes R&D, planning to invest heavily in the coming years to support growth in AI, especially after launching its Vera CPU, which is expected to tap into a $200 billion addressable market.
- Long-Term Growth Potential: While Nvidia's dividend profile may not compare favorably to traditional high-dividend stocks, it remains a highly attractive long-term growth stock, with projected CPU revenues of around $20 billion by year-end, capitalizing on the ongoing growth in AI infrastructure spending.
See More
