Anthropic raises $65B Series H at a $965B valuation, surpassing OpenAI
Anthropic closed a $65B funding round pushing its post-money valuation to approximately $965B, overtaking OpenAI's $852B figure, while also announcing its annualised revenue run rate crossed $47B this month
For regulated-industry PMs, vendor financial stability is a procurement criterion β Anthropic's scale now rivals hyperscalers, but concentration risk and pricing power become real concerns for long-term contract negotiations