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

anthropic.com

241–250 of 458 posts

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

#241

Earlier quoted context omitted.

for normies it is the exact opposite.

If "normie" means a noncorporate knowledge worker who uses the free version, yes. For enterprise, Anthropic is crushing it. In the manufacturing sector I anecdotally hear a 2:1 ratio of Claude to ChatGPT for teams who are settling on a platform.

At my company the grassroots advocacy from devs has certainly been for Claude Code.

Unfortunately even though we have a degree or two of seperation from most federal contracts the punitive DoD blacklisting had enough of a chilling effect on our legal team to make them drag their feet on approving any contract involving Anthropic.

So I pitched OpenAI Business with Codex so we could drop our Github Copilot Business subscription before the billing change takes effect June 1st which was approved without pushback.

I felt some responsibility for finding an immediate solution to dump Copilot since I was the one who recommended adopting Copilot in the first place, ugh... Our prices would have quadrupled based on the single month Microsoft in their beneficence allowed previewing with their tool to simulate what the post-rug pull pricing would have looked like.

Codex becoming more or less a 1:1 replacement for CC made that a no brainer given our options and the exploitative value proposition of Copilot under the new pricing model (which Microsoft evidently hoped companies like us would just accept despite being a third tier option in the dev space these days).

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

#242

Earlier quoted context omitted.

If these are fake revenues, I would think that the sophisticated investors would see through that? Or everyone is just in some ponzi scheme raising valuation and letting the last investors hold the bag or eventually pass it on to retail investors buying at the peak?

Anthropic is private. They talk all The time about their numbers being non-gaap run-rate revenues mean extrapolating a month out to a year. All they have to do is book a big deal in May and multiply by 12. It’s probably still impressive growth, but probably not as impressive as it looks.

[dead]

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

#243

Anthropic has a great product, but what's going on in the stock market is astonishing. Companies waiting to be valued at a trillion dollars before going public? (I'm writing this comment with the assumption that they will go public soon and the valuation will be higher than this $965 billion dollar private valuation) The stock market used to be a place for companies to raise money from investors. But that isn't what…

dumping ground because they spent the last 20 years convincing everyone with a 401k it belonged in index funds. index funds will be the cause of the next catastrophic collapse

elaborate please

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

#244
post #67

Anthropic has a great product, but what's going on in the stock market is astonishing. Companies waiting to be valued at a trillion dollars before going public? (I'm writing this comment with the assumption that they will go public soon and the valuation will be higher than this $965 billion dollar private valuation) The stock market used to be a place for companies to raise money from investors. But that isn't what…

Yeup, no shortage of tech IPOs over the past five years that are now valued at like 5% of what they were after being dumped onto the market: ZoomInfo, Bumble, Gemini And many more that are 50% of what they were: Snowflake, Coinbase And many more that went back to private companies and then were sold off: Carbon Black, etc... I'm actually too lazy to go list out all of them. But employees, beware, of those gnarly lock…

Is there any sense in buying (out-of-the money) put options, to make sure you can taste some of that sweet lucre that your overlords are getting?

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

#245
post #218

Earlier quoted context omitted.

ChatGPT is the 5th most visited site (as well as has nearly a billion weekly active users) and none of the competitors are even close. In the consumer space, Gemini is doing well but Claude is not even in the same galaxy. OpenAI is undoubtedly the leader in consumer LLMs and by a large margin. I'm sure there are mixups, but if someone is telling you they're using chatGPT, they almost certainly mean they're using chat…

I’m pretty sure Gemini would be the leader in consumer LLMs considering it’s on every single search result. Every single google search is also usage of gemini.

Google stuffing things in the search results of existing users does not mean active participation or usage. (Not that I'm saying it's not getting used but it's just a feature of google search, and only a fraction of the kind of queries llms get anyway)

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

#246
post #87

Earlier quoted context omitted.

Google IPO 20 years ago, Tesla 15 years ago, facebook almost 15 years ago. Situations change.

When did they change? 3 years and 4 months ago? 1 year ago? 8 years? Because when Facebook IPO'd everyone was saying the stock market was a dumping ground... Same with Google... Same with Pets.com and WebVan...

Sometimes when things change in an insidious manner, it’s hard to point out _when_ the decline started.

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

#247
post #238
post #193

Earlier quoted context omitted.

Pretty unfathomable growth. I'm pretty sure I listened to Dario saying something along the lines of keeping Anthropic on track for 10x ARR growth (in December) and thinking that that was a bonkers idea for a $9B run-rate company, and now it's looking like that might be an underestimate ...

Personally, I’m just exhausted. They are not obligated to be truthful here, so the entire thing is interpreted based on vibes. If you are an AI booster, this is proof that the demand is there; if you aren’t, you’re baffled at where these numbers are coming from.

I think lying about their numbers now is risky if they're planning on an IPO this year - the real figures will come out in the S-1, and investors don't like untrustworthy companies.

Update: this inspired a note on my blog: https://simonwillison.net/2026/May/29/anthropic/

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

#248
post #238
post #193

Earlier quoted context omitted.

Pretty unfathomable growth. I'm pretty sure I listened to Dario saying something along the lines of keeping Anthropic on track for 10x ARR growth (in December) and thinking that that was a bonkers idea for a $9B run-rate company, and now it's looking like that might be an underestimate ...

Personally, I’m just exhausted. They are not obligated to be truthful here, so the entire thing is interpreted based on vibes. If you are an AI booster, this is proof that the demand is there; if you aren’t, you’re baffled at where these numbers are coming from.

i would assume investors giving billions of dollars have done their due diligence and not base it off vibes...

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

#249
post #238
post #193

Earlier quoted context omitted.

Pretty unfathomable growth. I'm pretty sure I listened to Dario saying something along the lines of keeping Anthropic on track for 10x ARR growth (in December) and thinking that that was a bonkers idea for a $9B run-rate company, and now it's looking like that might be an underestimate ...

Personally, I’m just exhausted. They are not obligated to be truthful here, so the entire thing is interpreted based on vibes. If you are an AI booster, this is proof that the demand is there; if you aren’t, you’re baffled at where these numbers are coming from.

How are they “not obligated to be truthful”? Lying to investors is literally a crime.

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

#250
post #238

Earlier quoted context omitted.

Personally, I’m just exhausted. They are not obligated to be truthful here, so the entire thing is interpreted based on vibes. If you are an AI booster, this is proof that the demand is there; if you aren’t, you’re baffled at where these numbers are coming from.

i would assume investors giving billions of dollars have done their due diligence and not base it off vibes...

Investors would never give billions of dollars to liars
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