Anthropic clinched a $65 billion Series H round, lifting its post‑money valuation to $965 billion. The San Francisco AI firm cited Altimeter, Dragoneer, Greenoaks and Sequoia as lead investors, with Capital Group, Coatue and others co‑leading. The infusion dwarfs any other U.S. deal this week, underscoring the outsized appetite for generative‑AI platforms.

Cogniti on followed with a $1 billion round that valued the AI‑software developer at $26 billion, while logistics player Stord secured $250 million at a $3 billion valuation. New‑York‑based OpenRouter raised $113 million for its AI‑model marketplace, and San Francisco’s Corgi Insurance closed $106 million, doubling its valuation to $2.6 billion after a $160 million raise three weeks earlier. Fusion‑energy startup Thea Energy and health‑data platform Garner Health each landed $100 million, reflecting diversified investor interest.

The week’s megadeals list highlights a stark concentration of capital in AI‑centric companies, even as the overall number of $100 million‑plus rounds thinned. Investors appear to be betting heavily on firms that can scale foundational models or embed AI into niche verticals, a trend that could reshape funding dynamics across sectors for the rest of the year.