Anthropic confirmed another massive swath of funding, with a $30 billion Series G round.
The funding is the second-largest private financing round in tech, behind only OpenAI’s $40 billion round last year.
The Anthropic round was led by New York-based private equity firm Coatue and Singapore sovereign wealth fund GIC and makes the Claude developer valued at $380 billion. OpenAI’s market valuation is about $500 billion.
Other significant participants were D.E. Shaw Ventures, Dragoneer, Founders Fund, ICONIQ, and UAE sovereign wealth fund MGX, while the $30 billion also includes a portion of previously announced investments from Nvidia and Microsoft, with the tech giants having committed to pump in up to $10 billion and $5 billion, respectively.
The large numbers demonstrate that there is little appetite yet for any slowdown in the stratospheric investment in AI seen over the past 18 months and reflect both the massive expense involved in developing AI models and the dramatic success of Anthropic’s Claude generative AI model family in the enterprise market. OpenAI, which has so far had more success in the consumer market, is also seeking to boost its enterprise business and could leapfrog Anthropic as it pursues a new $100 billion round, CNBC reported.
As it pointed out in a Feb. 12, Anthropic earned its first dollar in revenue less than three years ago, but now reports a revenue run rate of $14 billion, with the figure having grown by ten times on an annual basis in the three years since. OpenAI’s revenue exceeded $20 billion last year, according to the company. Both companies, the largest independent AI vendors, are considering IPOs this year or next.
“Whether it is entrepreneurs, startups, or the world’s largest enterprises, the message from our customers is the same: Claude is increasingly becoming more critical to how businesses work,” Krishna Rao, Anthropic CFO, said in the post.
“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,” he continued.
Customer spending is behind the dramatic increase in revenue, according to Anthropic, which said it has seen a seven-fold rise in those spending more than $100,000 on Claude over the past year.
Similarly, more than 500 customers now shell out more than $1 million a year, compared to only 12 two years ago, and the vendor said it is also finding that more and more businesses that start with Claude for a single application go on to integrate additional elements.
Anthropic gets around 80% of its business from enterprise, with Claude Code, a popular model that automates parts of software development, a major contributor to that.
Since Claude Code’s public release in May 2025, Claude’s annual revenue has grown to $2.5B, which Anthropic attributed to a quadrupling in enterprise subscriptions since the start of this year. Its success has been further aided by the launch of Claude Cowork, a more user-friendly version. OpenAI’s Codex, a direct competitor to Claude Code, has been integrated into the vendor’s GPT-4 model.
Anthropic said it will use the Series G money further develop Claude’s infrastructure.
