The race to fund the future of AI is accelerating and the numbers keep getting bigger.
The San Francisco-based firm, founded by former OpenAI researchers, announced that it has raised $30 billion in a Series G round, catapulting its valuation to $380 billion. This is the second-biggest private financing round on record for tech, following OpenAI’s $40 billion raise last year.
Anthropic’s latest deal was led by Singapore’s sovereign wealth fund GIC and Silicon Valley venture capital fund Coatue. Other investors include UAE AI-focused investment firm MGX and Qatari sovereign wealth fund QIA.
The massive injection of cash does more than just pad a balance sheet; it signals a fundamental shift in the AI race away from experimental chatbots and toward an industrial-scale competition for the backbone of global business.
As the company’s valuation more than doubles from its September standing, the move places Anthropic in a rare stratosphere, trailing only its primary rival, OpenAI, while setting the stage for a potential public offering in the coming year.
Key Highlights
- Anthropic raised $30 billion in Series G funding at a $380 billion post-money valuation
- Funding was led by GIC and Coatue
- The round was co-led by D. E. Shaw Ventures, Dragoneer, Founders Fund, ICONIQ, and MGX
- Co-led by D. E. Shaw Ventures, Dragoneer, Founders Fund, ICONIQ and MGX
- The round includes a portion of previously announced investments from Microsoft and Nvidia
- Run-rate revenue has reached $14 billion, growing more than 10x annually over three years
- Claude Code run-rate revenue exceeds $2.5 billion, with enterprise usage accounting for over half.
Enterprise Intelligence Platform
Anthropic said the new capital will fund frontier research, product development, and infrastructure expansion. The company has positioned itself as an enterprise-first AI provider, with a sharp focus on coding and business workflows rather than consumer chat alone.
“Whether it is entrepreneurs, startups, or the world’s largest enterprises, the message from our customers is the same: Claude is increasingly becoming critical to how businesses work,” Anthropic’s Chief Financial Officer Krishna Rao said. “This fundraising reflects the incredible demand we are seeing from these customers, and we will use this investment to continue building the enterprise-grade products and models they have come to depend on.”
The numbers are striking. Less than three years after earning its first dollar in revenue, Anthropic says its run-rate revenue now stands at $14 billion. That figure has grown more than tenfold annually over each of the past three years.
The company reports that the number of customers spending more than $100,000 annually on Claude has grown sevenfold in the past year. Two years ago, roughly a dozen customers spent over $1 million annually. Today, that number exceeds 500. Eight of the Fortune 10 are now Claude customers.
Claude Code & Rise of Agentic Development
A central driver of that growth is Claude Code, Anthropic’s coding-focused AI system. Released to the general public in May 2025, the product reflects the company’s emphasis on what it calls agentic coding, where AI systems take on larger portions of the software development process.
Claude Code’s run-rate revenue has surpassed $2.5 billion and has more than doubled since the beginning of 2026. Weekly active users have doubled since January 1. Business subscriptions have quadrupled since the start of the year, with enterprise use now representing over half of Claude Code revenue.
A recent analysis estimated that 4% of all public commits on GitHub were authored by Claude Code, double the percentage from just one month earlier.
Anthropic says the same underlying capabilities extend beyond programming. Customers are using Claude for financial modeling, data analysis, sales workflows, cybersecurity, and scientific research.
In January alone, the company launched more than thirty products and features, including Cowork, which expands Claude Code’s engineering capabilities into broader knowledge work. Cowork includes eleven open-source plugins that allow organizations to tailor Claude to roles such as legal, sales, or finance. Anthropic also expanded Claude for Enterprise to organizations operating under HIPAA, pushing deeper into healthcare and life sciences.
Long-term investor confidence
The size and breadth of the investor list reads like a roll call of global finance, spanning sovereign wealth funds, hedge funds, and venture capital firms. Significant investors include Accel, Baillie Gifford, Bessemer Venture Partners, affiliated funds of BlackRock and Blackstone, Fidelity Management & Research Company, General Catalyst, Greenoaks, Insight Partners, JPMorganChase, Lightspeed Venture Partners, Menlo Ventures, Morgan Stanley Investment Management, Qatar Investment Authority, Sequoia Capital, Temasek, TPG, and others.
“Since our initial investment in 2025, Anthropic’s focus on agentic coding and enterprise-grade AI systems has accelerated its progress toward large-scale adoption,” said Philippe Laffont, Founder & Portfolio Manager of Coatue. “The team’s ability to rapidly scale its offerings further positions Anthropic as a leader in a highly competitive AI market.”
Choo Yong Cheen, Chief Investment Officer, Private Equity, GIC, added: “Anthropic is the clear category leader in enterprise AI, demonstrating breakthrough capabilities and setting a new standard for safety, performance, and scale that will drive their long-term success.”
The funding round is the second-largest private tech financing on record, trailing only OpenAI’s raise of more than $40 billion last year. Reuters has reported that OpenAI could be valued at around $830 billion in ongoing talks with investors, including SoftBank.
Infrastructure as strategy
Training and operating advanced AI models requires staggering amounts of compute. Anthropic says it trains and runs Claude across a diversified mix of AI hardware, including AWS Trainium, Google TPUs, and NVIDIA GPUs.
Claude is available on the three largest cloud platforms: Amazon Web Services via Bedrock, Google Cloud via Vertex AI, and Microsoft Azure via Foundry. Anthropic says this multi-cloud approach allows customers to match workloads to the most suitable hardware while increasing resilience.
The company’s newest model, Opus 4.6, launched last week, is designed to power agents that generate documents, spreadsheets, and presentations with professional polish. Anthropic says Opus 4.6 leads on GDPval-AA, a benchmark measuring performance on economically valuable knowledge work in domains such as finance and legal services.
AI race intensifies
Founded in 2021 by former OpenAI researchers and brother-sister duo Dario and Daniela Amodei, Anthropic structured itself as a public benefit corporation with a focus on safety guardrails. It has raised more than $57 billion since inception.
The scale of the new round reflects both ambition and necessity. Developing frontier AI systems demands massive capital outlays for compute, talent, and data. At the same time, investor enthusiasm has fueled debate about whether AI valuations are running ahead of fundamentals.
Anthropic, for its part, frames the momentum as customer-driven. “The demand we are seeing from enterprises and developers reflects the trust they place in Claude for the work that matters most,” the company said in its release. “As AI moves toward scaled implementation, we will continue to build the models, products, and partnerships to lead that transition.”
With a $380 billion valuation and revenue climbing fast, Anthropic has moved from promising upstart to heavyweight contender. The next question is whether enterprise AI can grow quickly enough to justify the money now riding on it.
