Anthropic Raises $30 Billion in Series G, Reaching $380 Billion Valuation

Anthropic, the AI safety company behind the Claude family of models, has closed a $30 billion Series G funding round at a $380 billion post-money valuation, making it the second-largest private financing in tech history — trailing only OpenAI's $40 billion raise last year.

Key Highlights

$30 billion raised in a single round, led by Coatue and Singapore sovereign wealth fund GIC
$380 billion post-money valuation, up from roughly $190 billion in the previous round
$57 billion in total funding raised since the company's founding in 2021
$14 billion annual revenue run rate, growing more than 10x over the past three years

Who Invested

The round was co-led by D. E. Shaw Ventures, Dragoneer, Founders Fund, ICONIQ, and MGX. It also includes a sweeping roster of 36+ investors spanning sovereign wealth funds, hedge funds, and top-tier venture firms.

Notable participants include Sequoia Capital, General Catalyst, Lightspeed Venture Partners, Bessemer Venture Partners, Fidelity, BlackRock, Goldman Sachs, JPMorgan Chase, Morgan Stanley, Baillie Gifford, Qatar Investment Authority, and Temasek. The round also includes portions of previously disclosed commitments from Microsoft and Nvidia, which had announced plans to invest up to $5 billion and $10 billion respectively.

What the Money Is For

Anthropic says the capital will fuel frontier research, product development, and infrastructure expansions. The company has been rapidly scaling its enterprise business, now serving more than 500 customers — including 8 of the Fortune 10 — each spending a minimum of $1 million annually on Anthropic products.

The timing aligns with Anthropic's recent release of Claude Opus 4.6, which has further intensified competition with OpenAI. The company describes itself as "the market leader in enterprise AI and coding."

The AI Arms Race Continues

The sheer scale of the raise underscores a broader reality: the AI funding frenzy is accelerating, not cooling. Anthropic reached its $380 billion valuation just five years after being founded by former OpenAI staffers Dario and Daniela Amodei. For comparison, OpenAI currently carries a $500 billion valuation and is reportedly seeking $750 billion.

The numbers also raise questions about sustainability. While Anthropic's $14 billion revenue run rate demonstrates genuine commercial traction, the company is burning through capital at a pace that demands continued fundraising to keep up with compute-intensive research.

Impact on the Industry

Anthropic's raise sends a clear signal to the market: investors remain deeply committed to the AI infrastructure buildout, despite growing concerns about timelines and returns. The participation of sovereign wealth funds from Singapore, Abu Dhabi, and Qatar reflects the geopolitical dimension of the AI race, with nations positioning themselves as stakeholders in the technology that will define the next decade.

For enterprise customers, the funding provides reassurance that Anthropic has the runway to compete long-term. For competitors, it raises the bar even higher.

What's Next

With $57 billion in total funding and a rapidly growing customer base, Anthropic is expected to continue its aggressive push into enterprise AI, coding tools, and safety research. The company's next moves will likely focus on scaling its infrastructure to support the growing demand for Claude-powered products and expanding its presence in markets where AI adoption is accelerating.

Source: Fortune