Anthropic raises USD $30 billion, hits USD $380b value

Anthropic has raised USD $30 billion in a Series G round, valuing the artificial intelligence company at a USD $380 billion post-money valuation.

GIC and Coatue led the round, with D. E. Shaw Ventures, Dragoneer, Founders Fund, ICONIQ and MGX as co-leads.

Other investors included Accel, Addition, Alpha Wave Global, Altimeter, AMP PBC, Appaloosa, 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, Lightspeed Venture Partners, Menlo Ventures, Morgan Stanley Investment Management, NX1 Capital, Qatar Investment Authority, Sands Capital, Sequoia Capital, Temasek, TowerBrook, TPG, Whale Rock Capital and XN.

The round also included a portion of previously announced investments from Microsoft and Nvidia.

Customer growth

Anthropic reported run-rate revenue of USD $14 billion, up more than tenfold each year over the past three years. It earned its first revenue less than three years ago.

The growth reflects demand from enterprises and developers using Claude models and related products. The number of customers spending more than USD $100,000 annually on Claude has risen sevenfold over the past year, based on run-rate revenue.

Larger accounts have also increased. Two years ago, around a dozen customers spent more than USD $1 million on an annualised basis; that figure now exceeds 500. Anthropic also said eight of the Fortune 10 are now customers.

"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," said Krishna Rao, Chief Financial Officer at 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," Rao added.

Coding focus

Anthropic has increased its emphasis on software development tools, positioning Claude Code as a core product line. Claude Code became available to the general public in May 2025.

Run-rate revenue for Claude Code exceeds USD $2.5 billion, more than double since the beginning of 2026. Weekly active users have doubled since 1 January.

A recent analysis cited by Anthropic estimated Claude Code authored 4% of all public commits on GitHub worldwide, double the share from a month earlier.

Business subscriptions for Claude Code have quadrupled since the start of 2026, and enterprise use now accounts for more than half of Claude Code's revenue.

Anthropic said it is applying similar technology beyond software development, targeting areas including financial and data analysis, sales, cybersecurity and scientific discovery.

Products and sectors

Anthropic said it launched more than 30 products and features in January, including Cowork, which it described as extending Claude Code into knowledge-work tasks.

Cowork includes 11 open-source plugins that customers can use to configure Claude for specific roles or teams, including sales, legal and finance.

Claude for Enterprise is now available to organisations operating under HIPAA, signalling a further push into healthcare and life sciences.

"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 and portfolio manager at Coatue.

"The team's ability to rapidly scale its offerings further positions Anthropic as a leader in a highly competitive AI market," Laffont said.

Models and benchmarks

Anthropic said its newest model, Opus 4.6, launched last week and can generate documents, spreadsheets and presentations.

It also said Opus 4.6 leads on GDPval-AA, a benchmark it described as measuring performance on economically valuable knowledge-work tasks, including finance and legal work.

"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 at GIC.

Cloud distribution

Anthropic said the funding will support infrastructure expansion and broader distribution. Claude is available on Amazon Web Services via Bedrock, on Google Cloud via Vertex AI, and on Microsoft Azure via Foundry.

Claude is trained and runs across multiple types of AI hardware, including AWS Trainium, Google TPUs and Nvidia GPUs, allowing workloads to be matched to different chips.

Anthropic said the next phase will focus on further model and product development, partnerships, and continued investment in infrastructure as adoption expands across large organisations.