Anthropic officially announced that it has raised $30 billion in a Series G funding round at a $380 billion post-money valuation. This marks one of the largest private funding rounds in tech history and the second-largest venture deal ever behind only OpenAI’s $40 billion round in 2025.
The round was led by Singapore’s sovereign wealth fund GIC and Coatue, with co-leads including D. E. Shaw Ventures, Dragoneer, Founders Fund, ICONIQ, and MGX. Other notable participants include Accel, General Catalyst, Jane Street, the Qatar Investment Authority, and prior backers like Nvidia and Microsoft with some of their earlier commitments rolled in.
This more than doubles Anthropic’s previous valuation of around $183 billion from its Series F in September 2025. The company highlighted explosive enterprise demand for its Claude models including Claude Code, with key stats shared: Annualized revenue run rate now around $14 billion.
Rapid year-over-year growth reportedly 10x in recent periods. Heavy adoption among large enterprises—eight of the Fortune 10 are customers. Claude powering a significant portion of global developer workflows, 4% of GitHub commits in some reports.
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The fresh capital will support frontier research, product innovation, and massive infrastructure scaling to meet demand. The news sparked reactions across the industry, including sharp commentary from Elon Musk, who called Anthropic’s models “misanthropic and evil” amid intensifying AI rivalry.
Some observers noted bubble concerns in the broader AI market, given sky-high valuations and skittish public tech stocks, but enterprise traction appears to be driving the momentum. This positions Anthropic as a major contender in the race for frontier AI leadership, with speculation about a potential IPO in the coming 12–18 months.
This more than doubles Anthropic’s prior $183 billion valuation from September 2025, positioning it as one of the world’s most valuable private companies—trailing only OpenAI ($500 billion in some reports) and ahead of or alongside entities like SpaceX in startup rankings.
It intensifies direct rivalry with OpenAI which raised $40 billion previously, Google, Meta, and others. Anthropic’s enterprise-focused traction; 8 of the Fortune 10 as customers, Claude powering developer workflows like 4% of GitHub commits gives it a strong moat in business adoption, where Claude’s safety-aligned models and tools like Claude Code and Cowork agent are seeing explosive uptake.
The capital fuels massive scaling: frontier model research, product innovation, and infrastructure buildout to meet “insatiable” enterprise demand. This could accelerate Anthropic’s path to market leadership in enterprise AI agents and coding assistants.
Anthropic disclosed a $14 billion annualized revenue run rate—up dramatically reportedly 10x+ year-over-year growth over three years, with ~80% from enterprises. Claude Code alone hits ~$2.5 billion run rate, enterprise subscriptions up 4x, and over 500 customers spending $1M+ annually.
This validates AI’s shift from hype to real revenue engine, proving frontier models can generate massive cash flow in business use cases. It counters earlier doubts about AI monetization and sets a benchmark for peers. Validates continued massive investor appetite for top-tier AI despite broader tech volatility.
Backers like GIC, Coatue, Founders Fund, Nvidia, Microsoft rolling in prior commitments, and others show belief in sustained growth. At ~27x forward revenue multiple; higher than many mature SaaS giants, the valuation embeds expectations of dominant market share, pricing power, and continued hyper-growth.
Critics highlight risks like: Capital intensity (huge GPU/infra spend could lead to underutilized capacity if demand slows).
Margin compression from competition.
Potential “AI bubble” dynamics—echoing prior software stock selloffs tied to AI disruption fears.
Broader AI capex arms race continues, benefiting infra players (Nvidia, data centers, power) but pressuring application-layer software incumbents.
Tools like Cowork and Claude Code threaten legacy software contributing to recent selloffs in software stocks as investors weigh AI’s transformative potential. Positions Anthropic alongside OpenAI and possibly xAI as a prime candidate for a blockbuster public debut in the next 12–18 months, though public markets may demand stricter proof of profitability and sustained growth.
Heavy sovereign wealth involvement and big-tech ties raise questions about power concentration in frontier AI. The scale intensifies the compute and talent race; Anthropic’s “safety-first” ethos may face tension under growth demands.
This round cements Anthropic as a genuine contender for AI supremacy, backed by real revenue traction rather than pure speculation. However, it also heightens scrutiny: the bar for execution is now extraordinarily high, with limited margin for error in a hyper-competitive, capital-hungry field.
If Anthropic delivers on scaling and innovation, it could redefine enterprise software; if not, it risks becoming a high-profile case of overvaluation in the AI boom.