capital · May 22, 2026
Anthropic $1.8B Akamai Cloud Deal Drives $2.6B Convertible Notes Raise
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Akamai’s recently signed seven-year $1.8 billion cloud computing agreement with Anthropic, the largest customer deal in company history, prompted the May 19, 2026 convertible notes offering. The capital raise supports accelerated build-out of Akamai’s global cloud and edge infrastructure following the 2022 $900 million acquisition of Linode. Akamai shares showed limited movement on the funding news amid ongoing focus on the AI infrastructure contract.
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