{"id":252,"date":"2026-05-29T08:14:44","date_gmt":"2026-05-29T08:14:44","guid":{"rendered":"https:\/\/crosscountrymovingteams.com\/?p=252"},"modified":"2026-05-29T08:14:44","modified_gmt":"2026-05-29T08:14:44","slug":"whats-rarer-than-a-unicorn-anthropic-didnt-just-join-the-series-h-club-it-almost-became-the-first-1-trillion-private-company-ever","status":"publish","type":"post","link":"https:\/\/crosscountrymovingteams.com\/?p=252","title":{"rendered":"What\u2019s rarer than a unicorn? Anthropic didn\u2019t just join the Series H club, it almost became the first $1 trillion private company ever"},"content":{"rendered":"
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On Thursday, Anthropic had its own Series H, but one from a different planet.<\/p>\n

In venture capital-speak, a \u201cunicorn\u201d is a private company valued at $1 billion and above. The decacorn and hectocorn are valued about $10 billion and $100 billion, respectively. So what do you call a trillion-dollar private company? That\u2019s the question Anthropic flirted with on Thursday while announcing a rarely seen Series H funding round.\u00a0<\/p>\n

Read more Starbucks quietly retired its AI agent just months after deployment after it miscounted coffee shop inventories and slowed down baristas<\/a><\/p>\n

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The AI startup raised $65 billion at a $965 billion valuation, eclipsing its rival OpenAI in the race to own the technology of the century. Its value is roughly the GDP of Switzerland, more than the combined market cap of every U.S. airline, or more than the entire U.S. defense budget.\u00a0<\/p>\n

Series H rounds are so rare that most of the companies that have raised them are recognizable names: Facebook, Lyft, Discord, Slack.\u00a0\u00a0<\/p>\n

Databricks just hit a $134 billion valuation in February after grinding through Series I, J, and K in roughly two-and-a-half years. Stripe made it to Series I in 2023, but only to raise $6.5 billion the company said it didn\u2019t need\u2014the round existed so employees could cash out and pay their tax bills, the company said.\u00a0<\/p>\n

Read more The \u2018imminent\u2019 oil crisis isn\u2019t at the pump\u2014it\u2019s under your hood<\/a><\/p>\n

Anthropic almost surely won\u2019t need a Series I. The company is reportedly preparing for an IPO in the coming months, alongside rival OpenAI, which is expected to file its confidential prospectus within weeks. Anthropic\u2019s run-rate revenue crossed $47 billion earlier this month, the company said, up from a reported $7 billion in calendar 2025. The company has said it expects to be cash-flow positive by 2028, a target it pushed back earlier this year as compute and training costs continued to climb\u2014even as businesses gorge themselves on tokens in the race to implement AI into their strategies.<\/p>\n

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Roughly $15 billion of the Series H consists of previously committed money from hyperscalers, including the $5 billion announced by Amazon in April. Strategic infrastructure partners Samsung, SK Hynix, and Micron also participated, alongside Baillie Gifford, Blackstone, Brookfield, D.E. Shaw, DST Global, and Fidelity.<\/p>\n

Read more Jane Fraser defied the \u2018glass cliff\u2019 to engineer Citi\u2019s long-awaited turnaround<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The $65 billion funding round was led by Altimeter, Dragoneer, Greenoaks and Sequoia, more than doubling the company’s valuation in just three months.<\/p>\n","protected":false},"author":1,"featured_media":251,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[75],"tags":[],"class_list":["post-252","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-anthropic"],"yoast_head":"\nWhat\u2019s rarer than a unicorn? 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