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Anthropic Raises $30 Billion in Series G Funding at $380 Billion Post-Money Valuation

The second-largest haul for a private tech company, after rival OpenAI

We have raised $30 billion in Series G funding led by GIC and Coatue, valuing Anthropic at $380 billion post-money.AnthropicThe round was co-led by D. E. Shaw Ventures, Dragoneer, founders Fund, ICONIQ, and MGX. The investment will fuel the frontier research, product development, and infrastructure expansions that have made Anthropic the market leader in enterprise AI and coding.

Significant investors in this round include: Accel, Addition, Alpha Wave Global, Altimeter, AMP PBC, Appaloosa LP, Baillie Gifford, Bessemer Venture Partners, affiliated funds of BlackRock, Blackstone, D1 Capital Partners, Fidelity Management & Research Company, General Catalyst, Greenoaks, Growth Equity at Goldman Sachs Alternatives, Insight Partners, Jane Street, JPMorganChase through its Security and Resiliency Initiative and Growth Equity Partners, Lightspeed Venture Partners, Menlo Ventures, Morgan Stanley Investment Management, NX1 Capital, Qatar Investment Authority (QIA), Sands Capital, Sequoia Capital, Temasek, TowerBrook, TPG, Whale Rock Capital, and XN. This round also includes a portion of the previously announced investments from Microsoft and Nvidia.

“Whether it is entrepreneurs, start-ups, or the world’s largest enterprises, the message from our customers is the same: Claude is increasingly becoming critical to how businesses work,” said Krishna Rao, CFO, Anthropic. “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.”

It has been less than three years since Anthropic earned its first $ in revenue. Today, our run-rate revenue is $14 billion, with this figure growing over 10x annually in each of those past three years.

This growth has been driven by our position as the intelligence platform of choice for enterprises and developers. The number of customers spending over $100,000 annually on Claude (as represented by run-rate revenue) has grown 7x in the past year. And businesses that start with Claude for a single use case-API, Claude Code, or Claude for Work-are expanding their integrations across their organizations. Two years ago, a dozen customers spent over $1 million with us on an annualized basis. Today that number exceeds 500. Eight of the Fortune 10 are now Claude customers.

Claude Code represents a new era of agentic coding, fundamentally changing how teams build software. Claude Code was made available to the general public in May 2025. Today, Claude Code’s run-rate revenue has grown to over $2.5 billion; this figure has more than doubled since the beginning of 2026. The number of weekly active Claude Code users has also doubled since January 1. A recent analysis estimated that 4% of all GitHub public commits worldwide were being authored by Claude Code-double the%age from just one month prior.

Business subscriptions to Claude Code have quadrupled since the start of 2026, and enterprise use has grown to represent over half of all Claude Code revenue. The same capabilities that make Claude exceptional for coding are also unlocking other new categories of work: financial and data analysis, sales, cybersecurity, scientific discovery, and beyond.

In January alone, we launched more than thirty products and features, including Cowork, which brings Claude Code’s powerful engineering capabilities to a broader scope of knowledge work tasks. Cowork includes eleven open-source plug-ins that let customers turn Claude into a specialist for specific roles or teams, like sales, legal, or finance. We also expanded our reach into healthcare and life sciences, with Claude for Enterprise now available to organizations operating under HIPAA.

“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,  Coatue. “The team’s ability to rapidly scale its offerings further positions Anthropic as a leader in a highly competitive AI market.”

Claude’s frontier-setting intelligence continues to advance. Our newest model-Opus 4.6, launched last week-can power agents that manage entire categories of real-world work, generating documents, spreadsheets, and presentations with professional polish. And Opus 4.6 is the world’s leading model on GDPval-AA, which measures performance on economically valuable knowledge work tasks in finance, legal, and other domains.

“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,” said Choo Yong Cheen, Chief Investment Officer, private equity, GIC.

The Series G will also power our infrastructure expansion as we make Claude available everywhere our customers are. Claude remains the only frontier AI model available to customers on all three of the world’s largest cloud platforms: Amazon Web Services (Bedrock), Google Cloud (Vertex AI), and Microsoft Azure (Foundry). We train and run Claude on a diversified range of AI hardware-AWS Trainium, Google TPUs, and Nvidia GPUs-which means we can match workloads to the chips best suited for them. This diversity of platforms translates to better performance and greater resilience for the enterprise customers that depend on Claude for critical work.

The demand we are seeing from enterprises and developers reflects the trust they place in Claude for the work that matters most. As AI moves toward scaled implementation, we will continue to build the models, products, and partnerships to lead that transition.

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The AI battle is in full swing among the industry’s leading players. A striking moment from yesterday’s AI India Summit - where Sam Altman, CEO of OpenAI, and Dario Amodei, CEO of Anthropic, notably avoided shaking hands - seemed to confirm growing tensions, an intense arms race, and fierce competition.

As Peter Thiel - co-founder of Confinity morphed into Paypal, historical Facebook investor, Palantir co-founder and president of Clarium Capital Management LLC among others - famously stated in his Stanford lecture in 2014, introduced by Sam Altman, “competition is for losers.” While competition may ultimately benefit users, it is rarely good news for companies. Thiel went further, arguing that “companies should always try to find a way to create monopolies.” We’ll leave readers to reflect on that perspective.

Anthropic’s latest funding round once again highlights the extreme concentration of capital in AI, with investment levels that dwarf those seen in other sectors or in past venture capital cycles. Not long ago, raising $100, $200, or even $300 million in our “traditional” IT or data storage industry was considered an exceptional round - enough to fuel growth and market expansion. AI has completely upended this logic, creating a powerful virtuous cycle among investors, chip manufacturers, AI companies, hyperscalers, and data center operators, all bound together by overlapping interests and deals. We recently read that Oracle may need to raise additional capital to finance the construction of its data centers and meet its existing contractual commitments. What a remarkable shift.

What is certain is that our planet is experiencing an extraordinary moment in its history. This may well be the fourth industrial revolution, radically reshaping our world and laying the foundations for a new era. We are fortunate to witness it firsthand: the first two revolutions are far behind us, and even the third - around 1969–1970 - feels distant to younger generations.

And this funding race is far from over…

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