What’s rarer than a unicorn? Anthropic didn’t just join the Series H club, it almost became the first $1 trillion private company ever
Anthropic has raised a staggering $65 billion in a Series H funding round, bringing its valuation to $965 billion. This positions the AI startup as a potential contender for the title of the first private company to reach a $1 trillion valuation. With a run-rate revenue of $47 billion, Anthropic is preparing for an IPO alongside its competitor OpenAI.
- ▪Anthropic raised $65 billion in a Series H funding round.
- ▪The company's valuation reached $965 billion, nearly $1 trillion.
- ▪Anthropic's run-rate revenue crossed $47 billion earlier this month.
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| Original publisher | Fortune |
| Canonical URL | https://fortune.com/2026/05/28/anthropic-series-h-valuation-ipo-unicorn/ |
| Publication time | Thu, 28 May 2026 20:27:09 +0000 |
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Opening excerpt (first ~120 words) tap to expand
Two weeks ago, defense startup Anduril raised a Series H round—$5 billion at a $61 billion valuation, shocking the defense world as the largest defense-tech round in history.Recommended Video On Thursday, Anthropic had its own Series H, but one from a different planet. In venture capital-speak, a “unicorn” is a private company valued at $1 billion and above. The decacorn and hectocorn are valued about $10 billion and $100 billion, respectively. So what do you call a trillion-dollar private company? That’s the question Anthropic flirted with on Thursday while announcing a rarely seen Series H funding round. The AI startup raised $65 billion at a $965 billion valuation, eclipsing its rival OpenAI in the race to own the technology of the century.
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