{"entity":{"id":"anthropic","name":"Anthropic","short":"Anthropic","kind":"private","valuationUsdB":965,"valuationAsOf":"2026-05-28","valuationSource":"https://www.anthropic.com/news/series-h","note":"Series G: $30B at $380B post-money (2026-02-12). Series H: $65B at $965B post-money (2026-05-28; run-rate revenue above $47B). Confidential draft S-1 submitted on 2026-06-01."},"outEdges":[{"id":"db4e9320df16","from":"anthropic","to":"amazon","type":"compute_contract","amountUsdB":100,"amountNote":"'More than $100 billion over the next ten years on AWS'; up to 5 GW of Trainium/Graviton capacity.","announced":"2026-04-20","status":"announced","source":"https://www.aboutamazon.com/news/company-news/amazon-invests-additional-5-billion-anthropic-ai","sourceLabel":"Amazon newsroom","confidence":"high"},{"id":"db57716d014b","from":"anthropic","to":"google","type":"compute_contract","amountNote":"'Tens of billions of dollars' (companies' phrasing, no figure): access to up to 1 million TPUs, >1 GW online in 2026.","announced":"2025-10-23","status":"announced","source":"https://www.googlecloudpresscorner.com/2025-10-23-Anthropic-to-Expand-Use-of-Google-Cloud-TPUs-and-Services","sourceLabel":"Google Cloud press release","altSource":"https://www.cnbc.com/2025/10/23/anthropic-google-cloud-deal-tpu.html","confidence":"high"},{"id":"9fc98b28b870","from":"anthropic","to":"google","type":"compute_contract","amountNote":"'Multiple gigawatts' of next-generation TPU capacity from 2027, with Broadcom; Anthropic's Series H release (May 2026) cites 'five gigawatts of next-generation TPU capacity'. No dollar figure.","announced":"2026-04-06","status":"announced","source":"https://www.anthropic.com/news/google-broadcom-partnership-compute","sourceLabel":"Anthropic","altSource":"https://www.anthropic.com/news/series-h","confidence":"high"},{"id":"ae00a67b041d","from":"anthropic","to":"broadcom","type":"chip_supply","amountUsdB":21,"amountNote":"TPU (Ironwood) rack orders: $10B (disclosed Q3 FY25) + $11B (Q4 FY25), delivery into late 2026; Broadcom identified Anthropic as the customer on its 2025-12-11 earnings call.","announced":"2025-12-11","status":"announced","source":"https://www.cnbc.com/2025/12/11/broadcom-avgo-q4-earnings-2025.html","sourceLabel":"CNBC (Broadcom Q4 FY25 call)","confidence":"high"},{"id":"8f18857cdffc","from":"anthropic","to":"microsoft","type":"compute_contract","amountUsdB":30,"amountNote":"'Committed to purchase $30 billion of Azure compute capacity and to contract additional compute capacity up to one gigawatt.'","announced":"2025-11-18","status":"announced","source":"https://www.anthropic.com/news/microsoft-nvidia-anthropic-announce-strategic-partnerships","sourceLabel":"Anthropic","altSource":"https://blogs.microsoft.com/blog/2025/11/18/microsoft-nvidia-and-anthropic-announce-strategic-partnerships/","confidence":"high"},{"id":"c04541d8ef14","from":"anthropic","to":"nvidia","type":"chip_supply","amountNote":"'Initially up to one gigawatt of compute capacity with NVIDIA Grace Blackwell and Vera Rubin systems.' No dollar figure.","announced":"2025-11-18","status":"announced","source":"https://www.anthropic.com/news/microsoft-nvidia-anthropic-announce-strategic-partnerships","sourceLabel":"Anthropic","confidence":"high"}],"inEdges":[{"id":"35c7c48f0c77","from":"amazon","to":"anthropic","type":"equity_investment","amountUsdB":8,"amountNote":"$4B (announced 2023-09-25) + $4B (2024-11-22), largely via convertible notes; Amazon a minority, non-voting holder. Amazon's Q2 2026 results booked $53.4B of non-operating gains mainly from Anthropic marks.","announced":"2023-09-25","status":"closed","source":"https://www.cnbc.com/2024/11/22/amazon-to-invest-another-4-billion-in-anthropic-openais-biggest-rival.html","sourceLabel":"CNBC","confidence":"high"},{"id":"c049c5ab526f","from":"amazon","to":"anthropic","type":"equity_investment","amountUsdB":25,"amountNote":"Up to: $5B invested at $380B valuation (2026-04-20) + up to $20B 'tied to certain commercial milestones'. Anthropic's Series H (May 2026) counts the $5B among '$15B of previously committed investments from hyperscalers'.","announced":"2026-04-20","status":"partial","source":"https://www.aboutamazon.com/news/company-news/amazon-invests-additional-5-billion-anthropic-ai","sourceLabel":"Amazon newsroom","altSource":"https://www.cnbc.com/2026/04/20/amazon-invest-up-to-25-billion-in-anthropic-part-of-ai-infrastructure.html","confidence":"high"},{"id":"54d280db3eb3","from":"google","to":"anthropic","type":"equity_investment","amountUsdB":3,"amountNote":"Approx.: ~$300M early 2023 (~10%), up to $2B committed Oct 2023 ($500M upfront + $1.5B), >$1B more Jan 2025. NYT reported (Sept 2025) a ~14% stake with no voting rights; Google capped at 15%.","announced":"2023-10-27","status":"closed","source":"https://www.cnbc.com/2023/10/27/google-commits-to-invest-2-billion-in-openai-competitor-anthropic.html","sourceLabel":"CNBC","altSource":"https://www.cnbc.com/2025/01/22/google-agrees-to-new-1-billion-investment-in-anthropic.html","confidence":"high"},{"id":"7e0d07514777","from":"google","to":"anthropic","type":"equity_investment","amountUsdB":40,"amountNote":"Up to: $10B in cash now at a $350B valuation + $30B contingent on performance milestones; paired with about 5 GW of TPU capacity coming online from 2027.","announced":"2026-04-24","status":"partial","source":"https://techcrunch.com/2026/04/24/google-to-invest-up-to-40b-in-anthropic-in-cash-and-compute/","sourceLabel":"TechCrunch","altSource":"https://www.cnbc.com/2026/04/24/google-to-invest-up-to-40-billion-in-anthropic-as-search-giant-spreads-its-ai-bets.html","confidence":"high"},{"id":"e3c675ef4f71","from":"microsoft","to":"anthropic","type":"equity_investment","amountUsdB":5,"amountNote":"Up to $5B committed 2025-11-18; a portion closed inside the February 2026 Series G. Microsoft booked a $3.2B gain on the stake in its quarter to June 2026.","announced":"2025-11-18","status":"closed","source":"https://www.anthropic.com/news/microsoft-nvidia-anthropic-announce-strategic-partnerships","sourceLabel":"Anthropic","altSource":"https://techcrunch.com/2026/07/29/microsoft-logs-3-2b-from-anthropic-investment-but-openai-was-a-mixed-bag/","confidence":"high"},{"id":"093c8530a8b2","from":"nvidia","to":"anthropic","type":"equity_investment","amountUsdB":10,"amountNote":"Up to $10B committed 2025-11-18; the Series G release (February 2026) says the round 'includes a portion' of it. Funded amount not disclosed.","announced":"2025-11-18","status":"partial","source":"https://www.anthropic.com/news/microsoft-nvidia-anthropic-announce-strategic-partnerships","sourceLabel":"Anthropic","altSource":"https://www.anthropic.com/news/anthropic-raises-30-billion-series-g-funding-380-billion-post-money-valuation","confidence":"medium"}],"outUsdB":151,"inUsdB":91,"partners":[{"id":"amazon","name":"Amazon","outUsdB":100,"inUsdB":33,"deals":3,"circular":true},{"id":"google","name":"Alphabet (Google)","outUsdB":0,"inUsdB":43,"deals":4,"circular":true},{"id":"microsoft","name":"Microsoft","outUsdB":30,"inUsdB":5,"deals":2,"circular":true},{"id":"broadcom","name":"Broadcom","outUsdB":21,"inUsdB":0,"deals":1,"circular":false},{"id":"nvidia","name":"NVIDIA","outUsdB":0,"inUsdB":10,"deals":2,"circular":true}],"circularPairs":[{"a":{"id":"anthropic","name":"Anthropic","short":"Anthropic","kind":"private","valuationUsdB":965,"valuationAsOf":"2026-05-28","valuationSource":"https://www.anthropic.com/news/series-h","note":"Series G: $30B at $380B post-money (2026-02-12). Series H: $65B at $965B post-money (2026-05-28; run-rate revenue above $47B). Confidential draft S-1 submitted on 2026-06-01."},"b":{"id":"amazon","name":"Amazon","short":"Amazon","kind":"public","ticker":"AMZN","note":"Booked $53.4B of non-operating gains, mainly on Anthropic, in Q2 2026; completed its $50B OpenAI investment by July 2026."},"aToB":[{"from":"anthropic","to":"amazon","type":"compute_contract","amountUsdB":100,"amountNote":"'More than $100 billion over the next ten years on AWS'; up to 5 GW of Trainium/Graviton capacity.","announced":"2026-04-20","status":"announced","source":"https://www.aboutamazon.com/news/company-news/amazon-invests-additional-5-billion-anthropic-ai","sourceLabel":"Amazon newsroom","confidence":"high"}],"bToA":[{"from":"amazon","to":"anthropic","type":"equity_investment","amountUsdB":8,"amountNote":"$4B (announced 2023-09-25) + $4B (2024-11-22), largely via convertible notes; Amazon a minority, non-voting holder. Amazon's Q2 2026 results booked $53.4B of non-operating gains mainly from Anthropic marks.","announced":"2023-09-25","status":"closed","source":"https://www.cnbc.com/2024/11/22/amazon-to-invest-another-4-billion-in-anthropic-openais-biggest-rival.html","sourceLabel":"CNBC","confidence":"high"},{"from":"amazon","to":"anthropic","type":"equity_investment","amountUsdB":25,"amountNote":"Up to: $5B invested at $380B valuation (2026-04-20) + up to $20B 'tied to certain commercial milestones'. Anthropic's Series H (May 2026) counts the $5B among '$15B of previously committed investments from hyperscalers'.","announced":"2026-04-20","status":"partial","source":"https://www.aboutamazon.com/news/company-news/amazon-invests-additional-5-billion-anthropic-ai","sourceLabel":"Amazon newsroom","altSource":"https://www.cnbc.com/2026/04/20/amazon-invest-up-to-25-billion-in-anthropic-part-of-ai-infrastructure.html","confidence":"high"}],"aToBUsdB":100,"bToAUsdB":33},{"a":{"id":"anthropic","name":"Anthropic","short":"Anthropic","kind":"private","valuationUsdB":965,"valuationAsOf":"2026-05-28","valuationSource":"https://www.anthropic.com/news/series-h","note":"Series G: $30B at $380B post-money (2026-02-12). Series H: $65B at $965B post-money (2026-05-28; run-rate revenue above $47B). Confidential draft S-1 submitted on 2026-06-01."},"b":{"id":"google","name":"Alphabet (Google)","short":"Google","kind":"public","ticker":"GOOGL"},"aToB":[{"from":"anthropic","to":"google","type":"compute_contract","amountNote":"'Tens of billions of dollars' (companies' phrasing, no figure): access to up to 1 million TPUs, >1 GW online in 2026.","announced":"2025-10-23","status":"announced","source":"https://www.googlecloudpresscorner.com/2025-10-23-Anthropic-to-Expand-Use-of-Google-Cloud-TPUs-and-Services","sourceLabel":"Google Cloud press release","altSource":"https://www.cnbc.com/2025/10/23/anthropic-google-cloud-deal-tpu.html","confidence":"high"},{"from":"anthropic","to":"google","type":"compute_contract","amountNote":"'Multiple gigawatts' of next-generation TPU capacity from 2027, with Broadcom; Anthropic's Series H release (May 2026) cites 'five gigawatts of next-generation TPU capacity'. No dollar figure.","announced":"2026-04-06","status":"announced","source":"https://www.anthropic.com/news/google-broadcom-partnership-compute","sourceLabel":"Anthropic","altSource":"https://www.anthropic.com/news/series-h","confidence":"high"}],"bToA":[{"from":"google","to":"anthropic","type":"equity_investment","amountUsdB":3,"amountNote":"Approx.: ~$300M early 2023 (~10%), up to $2B committed Oct 2023 ($500M upfront + $1.5B), >$1B more Jan 2025. NYT reported (Sept 2025) a ~14% stake with no voting rights; Google capped at 15%.","announced":"2023-10-27","status":"closed","source":"https://www.cnbc.com/2023/10/27/google-commits-to-invest-2-billion-in-openai-competitor-anthropic.html","sourceLabel":"CNBC","altSource":"https://www.cnbc.com/2025/01/22/google-agrees-to-new-1-billion-investment-in-anthropic.html","confidence":"high"},{"from":"google","to":"anthropic","type":"equity_investment","amountUsdB":40,"amountNote":"Up to: $10B in cash now at a $350B valuation + $30B contingent on performance milestones; paired with about 5 GW of TPU capacity coming online from 2027.","announced":"2026-04-24","status":"partial","source":"https://techcrunch.com/2026/04/24/google-to-invest-up-to-40b-in-anthropic-in-cash-and-compute/","sourceLabel":"TechCrunch","altSource":"https://www.cnbc.com/2026/04/24/google-to-invest-up-to-40-billion-in-anthropic-as-search-giant-spreads-its-ai-bets.html","confidence":"high"}],"aToBUsdB":0,"bToAUsdB":43},{"a":{"id":"anthropic","name":"Anthropic","short":"Anthropic","kind":"private","valuationUsdB":965,"valuationAsOf":"2026-05-28","valuationSource":"https://www.anthropic.com/news/series-h","note":"Series G: $30B at $380B post-money (2026-02-12). Series H: $65B at $965B post-money (2026-05-28; run-rate revenue above $47B). Confidential draft S-1 submitted on 2026-06-01."},"b":{"id":"microsoft","name":"Microsoft","short":"Microsoft","kind":"public","ticker":"MSFT","note":"Holds about 27% of OpenAI Group PBC after the October 2025 recapitalization; booked a $3.2B gain on its Anthropic stake in the quarter to June 2026."},"aToB":[{"from":"anthropic","to":"microsoft","type":"compute_contract","amountUsdB":30,"amountNote":"'Committed to purchase $30 billion of Azure compute capacity and to contract additional compute capacity up to one gigawatt.'","announced":"2025-11-18","status":"announced","source":"https://www.anthropic.com/news/microsoft-nvidia-anthropic-announce-strategic-partnerships","sourceLabel":"Anthropic","altSource":"https://blogs.microsoft.com/blog/2025/11/18/microsoft-nvidia-and-anthropic-announce-strategic-partnerships/","confidence":"high"}],"bToA":[{"from":"microsoft","to":"anthropic","type":"equity_investment","amountUsdB":5,"amountNote":"Up to $5B committed 2025-11-18; a portion closed inside the February 2026 Series G. Microsoft booked a $3.2B gain on the stake in its quarter to June 2026.","announced":"2025-11-18","status":"closed","source":"https://www.anthropic.com/news/microsoft-nvidia-anthropic-announce-strategic-partnerships","sourceLabel":"Anthropic","altSource":"https://techcrunch.com/2026/07/29/microsoft-logs-3-2b-from-anthropic-investment-but-openai-was-a-mixed-bag/","confidence":"high"}],"aToBUsdB":30,"bToAUsdB":5},{"a":{"id":"anthropic","name":"Anthropic","short":"Anthropic","kind":"private","valuationUsdB":965,"valuationAsOf":"2026-05-28","valuationSource":"https://www.anthropic.com/news/series-h","note":"Series G: $30B at $380B post-money (2026-02-12). Series H: $65B at $965B post-money (2026-05-28; run-rate revenue above $47B). Confidential draft S-1 submitted on 2026-06-01."},"b":{"id":"nvidia","name":"NVIDIA","short":"Nvidia","kind":"public","ticker":"NVDA","note":"Invests in the labs and clouds that buy its GPUs: OpenAI, Anthropic, xAI, CoreWeave, Nebius, Crusoe, Lambda, Mistral, Intel."},"aToB":[{"from":"anthropic","to":"nvidia","type":"chip_supply","amountNote":"'Initially up to one gigawatt of compute capacity with NVIDIA Grace Blackwell and Vera Rubin systems.' No dollar figure.","announced":"2025-11-18","status":"announced","source":"https://www.anthropic.com/news/microsoft-nvidia-anthropic-announce-strategic-partnerships","sourceLabel":"Anthropic","confidence":"high"}],"bToA":[{"from":"nvidia","to":"anthropic","type":"equity_investment","amountUsdB":10,"amountNote":"Up to $10B committed 2025-11-18; the Series G release (February 2026) says the round 'includes a portion' of it. Funded amount not disclosed.","announced":"2025-11-18","status":"partial","source":"https://www.anthropic.com/news/microsoft-nvidia-anthropic-announce-strategic-partnerships","sourceLabel":"Anthropic","altSource":"https://www.anthropic.com/news/anthropic-raises-30-billion-series-g-funding-380-billion-post-money-valuation","confidence":"medium"}],"aToBUsdB":0,"bToAUsdB":10}],"circularity":{"id":"anthropic","name":"Anthropic","namedFundingUsdB":91,"fromVendorsUsdB":91,"share":1,"vendors":["Amazon","Google","Microsoft","Nvidia"]}}