Micron invests in Anthropic in fresh memory supply deal

Micron Technology (MU.O) has struck a major deal with Anthropic, which is gearing up for an IPO. 

The memory chipmaker announced it entered a strategic agreement with Anthropic covering memory and storage supply. The financial terms of the agreement were not disclosed. 

Both companies will work together to analyze how memory and storage subsystems perform across various workloads to improve how AI systems are built and scaled.

As part of the arrangement, Micron said it has deployed Claude to accelerate coding and agentic use cases across several of its internal functions, which it says has continued to “deliver meaningful gains in productivity and innovation.”

Micron invests in Anthropic

Micron said it also made a strategic investment in Anthropic’s Series H funding round. 

The Claude maker is preparing to go public, with analysts projecting a late 2026 debut and October being the earliest anticipated month. Anthropic raised $65 billion in Series H funding in May 2026, led by Altimeter Capital, Dragoneer, Greenoaks, and Sequoia Capital.

The round pushed Anthropic’s post-money valuation to $965 billion, making the company the highest-valued artificial intelligence startup globally.

Recent estimates put Claude’s monthly active userbase at roughly 30 million, processing over 25 billion API calls monthly. The company’s computing needs soar as demand for Claude grows, hence the partnership with Micron, which specializes in high-bandwidth memory.

“Our compute strategy depends on getting every layer of the stack right, and memory and storage are central to how efficiently we can train and serve Claude,” said Anthropic’s co-founder, Tom Brown. 

Anthropic’s multi-billion-dollar deals with SpaceX, Google, Amazon, others

Last month, Anthropic also reached a deal with SpaceX to secure more computing capacity for its models.

Anthropic has a similar compute deal with CoreWeave and Broadcom. Their largest commitments are with Google and Amazon, where the AI company will spend $200 billion over five years for Google Cloud and $100 billion over the next decade for Amazon Web Services (AWS), according to reports.