Second-largest private tech round ever
Anthropic closed a $30 billion funding round at a $380 billion post-money valuation, more than doubling its value since September. The raise makes it the second-largest private tech fundraising round on record, behind OpenAI’s more than $40 billion deal last year led by SoftBank.
The surge in capital highlights the escalating financial demands of artificial intelligence development. Training frontier AI models requires vast computing infrastructure, particularly Nvidia graphics processing units, driving companies to secure increasingly large funding rounds.
Strategic race with OpenAI and Google
Anthropic, creator of the Claude AI models, is competing directly with OpenAI and Google in the global AI race. Google has announced plans to spend up to $185 billion this year in capital expenditures while aggressively expanding its Gemini AI portfolio.
The latest funding round was led by Coatue and Singapore’s sovereign wealth fund GIC. Additional participants included D. E. Shaw Ventures, Dragoneer, Founders Fund, ICONIQ, and MGX. The round also incorporates portions of previously announced investments from Microsoft and Nvidia, which pledged up to $5 billion and $10 billion respectively.
Enterprise-driven revenue momentum
Founded in 2021 by former OpenAI researchers, Anthropic has carved out an enterprise-focused strategy. The company said annualized revenue has climbed to $14 billion, up from roughly $10 billion last year.
About 80% of its revenue now comes from enterprise clients, according to CEO Dario Amodei. Much of that growth is tied to Claude Code, the company’s AI-powered software development tool. Claude Code’s annualized revenue has reached $2.5 billion, with enterprise users accounting for more than half of that total. Business subscriptions have quadrupled since the start of the year.
AI coding competition intensifies
The rapid adoption of AI coding tools has disrupted the broader software sector, which has lost approximately $2 trillion in market capitalization from its recent peak as investors reassess long-term valuations.
OpenAI has responded by expanding its Codex offerings, recently launching a new GPT-5.3-Codex model along with a dedicated application for Apple devices. Anthropic, meanwhile, introduced Claude Opus 4.6 earlier this month, touting improvements in coding capability and professional-grade output quality.
Capital to fuel infrastructure expansion
Anthropic said the newly raised funds will support infrastructure scaling, continued model research, and expansion of its enterprise-grade products such as Claude Cowork.
As AI shifts from experimentation to scaled enterprise deployment, Anthropic emphasized its focus on building long-term partnerships and robust commercial infrastructure to lead the next phase of implementation.
