capital · May 16, 2026
Anthropic Raises Funds at $950 Billion Valuation and Gains Business Customers Over OpenAI
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Anthropic plans a funding round targeting $950 billion valuation on May 13, 2026. Cat Wu joined Anthropic in August 2024 as head of product for Claude Code and Cowork. Anthropic quadrupled market share among business customers since May 2025. OpenAI held $854 billion valuation in its March round. Business customers now prefer Claude over ChatGPT according to Ramp data.
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