Anthropic has raised $65 billion in Series H funding at a $965 billion post-money valuation, giving the artificial intelligence company one of the largest private-market valuations in the global technology sector and strengthening Abu Dhabi’s exposure to the frontier AI race through MGX.
The funding round was led by Altimeter Capital, Dragoneer, Greenoaks and Sequoia Capital. The company said the new capital will support safety and interpretability research, expand compute capacity for Claude and help scale the products and partnerships used by its growing customer base.
The round carries strategic significance for the UAE, with Anthropic naming MGX among the significant investors participating in the Series H. The Abu Dhabi-based technology investment company has already built exposure to several of the most closely watched AI companies, including Anthropic, OpenAI and xAI, positioning itself across the competitive field rather than tying its strategy to a single platform.
Anthropic’s Valuation Reshapes the AI Race
The $965 billion valuation puts Anthropic ahead of OpenAI in the private AI valuation race, sharpening one of the industry’s most closely watched rivalries. The shift also strengthens MGX’s already broad position across frontier AI, with the Abu Dhabi-based investor now exposed to several companies competing to define the next phase of generative artificial intelligence.
That rivalry has become one of the central contests in the AI industry. OpenAI helped bring generative AI into the mainstream through ChatGPT, while Anthropic has built its position around Claude, enterprise adoption, coding tools and safety-focused model development. With its latest funding round, Anthropic has moved from challenger status into the top tier of privately held AI companies competing for customers, infrastructure and developer mindshare.
Anthropic said its run-rate revenue crossed $47 billion earlier this month, reflecting rising demand from enterprises using Claude across business operations. The company also said individual users are increasingly adopting Claude for everyday work, while global companies are deploying the platform in more complex workflows.
The scale of the Series H round follows Anthropic’s Series G financing earlier this year, when the company was valued at $380 billion. The sharp increase underscores how quickly investor expectations are changing around companies seen as capable of competing at the frontier of AI development.
MGX Strengthens Its AI Investment Footprint
MGX’s participation gives the funding round a clear Gulf investment angle. The company was launched in Abu Dhabi as an AI and advanced technology investor with a mandate to build exposure across the AI economy, including infrastructure, semiconductors and AI technology.
MGX describes itself as a UAE-born AI and advanced technology investor focused on enabling the “AI fabric of the global economy.” Its investment strategy spans semiconductors, AI infrastructure and AI technology, giving the firm a broader mandate than simply backing software companies or model developers.
That strategy is visible in its disclosed portfolio. In February, MGX said its board had discussed a follow-on investment in Anthropic’s $30 billion Series G round, which MGX co-led. The same announcement said MGX participated in xAI’s $20 billion Series E round and in OpenAI’s latest employee secondary, which MGX described as its fourth follow-on investment in OpenAI.
Anthropic’s new valuation gives that strategy more weight. MGX is not only backing one of the sector’s leading AI developers; it is also holding exposure across multiple companies that are shaping the next phase of artificial intelligence. That approach gives Abu Dhabi a seat at several tables in a market where the eventual winners remain uncertain.
A UAE Strategy Built Across the AI Stack
MGX’s role in the Anthropic round also reflects a broader UAE push to become a major player in artificial intelligence. The company was established with Mubadala and G42 as founding partners and was created to accelerate investment across AI and advanced technologies while building partnerships with leading global technology companies and investors.
When MGX was announced, the company said its strategy would focus on three core areas: AI infrastructure, semiconductors and AI technologies. Those categories are increasingly interconnected. Frontier AI companies need large-scale data centers, advanced chips, memory supply, cloud distribution and long-term energy capacity to train and serve their models.
Anthropic’s announcement shows how capital-intensive that landscape has become. The company highlighted agreements with Amazon for up to five gigawatts of new capacity, Google and Broadcom for five gigawatts of next-generation TPU capacity, and SpaceX for GPU capacity in Colossus 1 and Colossus 2.
Anthropic also said strategic infrastructure partners Micron, Samsung and SK hynix joined the round, pointing to the growing importance of memory, storage and chip supply in the AI expansion cycle.
Those details matter to MGX. The AI race is no longer only about which company builds the most capable model. It is increasingly about who can secure compute, infrastructure, capital and distribution at global scale. MGX’s investment mandate is built around that larger system.
The size of Anthropic’s Series H highlights the financial demands facing frontier model companies. AI developers are raising capital not only to improve products and hire researchers, but also to secure the enormous computing resources required to train and deploy more advanced systems.
That creates a natural opening for investors such as MGX, whose strategy connects model development with the infrastructure and capital needed to scale. Its exposure to Anthropic, OpenAI and xAI gives the firm access to the model layer, while its focus on semiconductors and infrastructure places it closer to the systems that support AI deployment.
Anthropic’s Rise Reshapes the AI Map
Anthropic was founded by former OpenAI employees and has positioned Claude around enterprise use, coding, safety research and interpretability. Its rapid valuation growth suggests investors now see the company as a core player in the commercial AI market, not only as a safety-focused challenger.
The company’s rise also sharpens the competitive landscape around OpenAI. Anthropic is now one of the few private AI companies with the capital base, enterprise traction and infrastructure partnerships to compete at the highest level of the industry.
MGX’s participation strengthens Abu Dhabi’s presence in a sector increasingly viewed as central to economic and technological power. The latest Anthropic round gives MGX a direct stake in one of the world’s most valuable AI companies, while its previous investments preserve exposure to other major players in the same race.
The result is a diversified AI position at sovereign scale. Rather than trying to predict which single company will dominate the next era of artificial intelligence, MGX has backed several of the companies competing to define it.
