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Anthropic raises $65B in Series H funding at $965B post-money valuation

anthropic.com

11–20 of 458 posts

Re: Anthropic raises $65B in Series H funding at $965B post-money valuation

#11

As someone who knows admittedly knows nothing about startup funding rounds, how many more rounds of funding can they do before an IPO? Is it effectively infinite?

usually you would go through seed funding, the series a,b, and possibly a1 and b1. If you entered c or d territory it meant that you still had a chance but vc would be following you very closely. After d, you could raise money, but it would be under very unfavorable conditions

Re: Anthropic raises $65B in Series H funding at $965B post-money valuation

#13
post #7

As someone who knows admittedly knows nothing about startup funding rounds, how many more rounds of funding can they do before an IPO? Is it effectively infinite?

I believe the canonical example is Databricks on round L

I believe Databricks series L round raised $4B in late 2025, but earlier this year they raised another $5B so technically they've maybe completed series M round and are "on" series N round now? The press releases are a bit confusing to me.

Re: Anthropic raises $65B in Series H funding at $965B post-money valuation

#14

As someone who knows admittedly knows nothing about startup funding rounds, how many more rounds of funding can they do before an IPO? Is it effectively infinite?

Effectively infinite. Databricks is a good example. They're still private after 13 years and closed a Series L round last year. Stripe is similar.

Having been through an IPO before, it was good for employee liquidity, but bad for the culture and long-term success of the company.

Re: Anthropic raises $65B in Series H funding at $965B post-money valuation

#16
post #7

Earlier quoted context omitted.

I believe the canonical example is Databricks on round L

I believe Databricks series L round raised $4B in late 2025, but earlier this year they raised another $5B so technically they've maybe completed series M round and are "on" series N round now? The press releases are a bit confusing to me.

It's semantics, but the latest raise might have been a follow-on to Series M, not a new round (to be clear, I know nothing about their finances, just speaking from experience at another company).

Re: Anthropic raises $65B in Series H funding at $965B post-money valuation

#17

As someone who knows admittedly knows nothing about startup funding rounds, how many more rounds of funding can they do before an IPO? Is it effectively infinite?

Effectively infinite. Databricks is a good example. They're still private after 13 years and closed a Series L round last year. Stripe is similar. Having been through an IPO before, it was good for employee liquidity, but bad for the culture and long-term success of the company.

Dead capital. There's no need for public funding until they are reasy to cash out at the top, if ever.

Re: Anthropic raises $65B in Series H funding at $965B post-money valuation

#18

As someone who knows admittedly knows nothing about startup funding rounds, how many more rounds of funding can they do before an IPO? Is it effectively infinite?

Effectively infinite. Databricks is a good example. They're still private after 13 years and closed a Series L round last year. Stripe is similar. Having been through an IPO before, it was good for employee liquidity, but bad for the culture and long-term success of the company.

so how do stripe employees get liquidity? can anyone sell their secondary shares?

Re: Anthropic raises $65B in Series H funding at $965B post-money valuation

#20

Earlier quoted context omitted.

Effectively infinite. Databricks is a good example. They're still private after 13 years and closed a Series L round last year. Stripe is similar. Having been through an IPO before, it was good for employee liquidity, but bad for the culture and long-term success of the company.

so how do stripe employees get liquidity? can anyone sell their secondary shares?

Stripe might buy back the shares at a good price. They might be able to sell on secondary markets.
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