Anthropic raises $30 billion in Series G, doubling valuation to $380 billion as AI race heats up

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Anthropic has closed a massive $30 billion Series G funding round, more than doubling its valuation to $380 billion. The artificial intelligence startup, backed by GIC and Coatue, is accelerating its competition with OpenAI while its Claude Code model drives enterprise adoption. With a revenue run rate now at $14 billion and growing 10x annually, Anthropic faces mounting questions about profitability amid heavy infrastructure spending.

Anthropic Secures $30 Billion in Series G Funding Round

Anthropic has completed a Series G funding round that brought in $30 billion, pushing the Anthropic valuation to $380 billion—more than double its previous $183 billion valuation from September's Series F round

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. The round was led by Singaporean wealth fund GIC and investment management firm Coatue, with co-leadership from D. E. Shaw Ventures, Peter Thiel's Founders Fund, and Abu Dhabi's MGX

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. Other significant participants included Accel, General Catalyst, Jane Street, Sequoia Capital, Lightspeed Venture Partners, and the Qatar Investment Authority, alongside strategic partners Nvidia and Microsoft, who committed a portion of their previously announced $15 billion investment

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Source: Market Screener

Source: Market Screener

The massive AI startup funding comes just five months after Anthropic raised $13 billion, reflecting intense investor interest in AI and the accelerating competition among frontier labs

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. Krishna Rao, Anthropic's Chief Financial Officer, stated that the investment reflects "incredible demand" from customers who increasingly depend on Claude for business operations

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Revenue Growth Driven by Enterprise-Grade AI Products

Anthropic's current revenue run rate stands at $14 billion, growing more than 10x annually over the past three years

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. The company, which began generating revenue less than three years ago, has focused on enterprise sales in sectors like software engineering, finance, and healthcare

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. A significant portion of this growth stems from the Claude Code model, which has achieved a run-rate revenue exceeding $2.5 billion—more than doubling since early 2026

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Source: Benzinga

Source: Benzinga

Business subscriptions to Claude Code have quadrupled since the start of 2026, with enterprise usage now accounting for over half of all Claude Code revenue

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. According to a February report, 4 percent of GitHub public commits are authored by Claude Code, with projections suggesting this could reach 20 percent by year-end

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. These coding agents have drawn praise from software engineers for increased productivity, though questions about code quality and developer adoption persist

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Escalating Battle to Compete with OpenAI

The funding positions Anthropic as a formidable challenger to OpenAI, which is assembling its own $100 billion fundraising round that could value the company at $830 billion

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. Both companies are reportedly preparing for IPO launches ahead of what's anticipated to be a blockbuster summer in the markets

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. OpenAI achieved a nominal value of $500 billion last year, with SoftBank investing an additional $22.5 billion as 2025 closed

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Source: BNN

Source: BNN

Anthropic has differentiated itself through AI safety commitments and a focus on responsible tech development, even pledging to keep advertising out of the Claude model family

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. The company has also taken an unusual stance on regulation, donating $20 million to support U.S. political candidates who back AI industry oversight

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. "The companies building AI have a responsibility to help ensure the technology serves the public good, not just their own interests," Anthropic stated

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Infrastructure Spending and Profitability Questions

Despite the soaring AI company valuation, Anthropic has yet to turn a profit, burning cash heavily to fund artificial intelligence model development

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. The company has committed to spending $50 billion to build data centers in the U.S. and plans to use tens of billions of dollars worth of specialized AI chips from Google

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. These computational costs, while substantial, are dwarfed by OpenAI's commitment to spend more than $1.4 trillion on AI infrastructure in coming years

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Investor demand continues to fuel the AI bubble despite profitability concerns, with both Anthropic and OpenAI relying on backing from chipmakers and cloud computing providers they do business with, raising concerns about circular deals propping up the industry

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. The bigger question remains what Anthropic will ultimately need to charge to deliver returns for investors

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Market Disruption and Future Implications

Anthropic's recent product launches have already disrupted global markets. The company's quiet release of tools to automate legal work sent stocks spiraling, while its new AI model optimized for financial research triggered declines in shares of financial services firms

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. The launch of plugins for its Cowork agent sparked a brutal selloff in global software stocks as investors debated the disruptive potential of sophisticated AI models

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Anthropic also confirmed plans to let employees sell shares at the same valuation as the latest round, providing liquidity ahead of a potential public offering

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. Earlier this week, Blackstone increased its stake in Anthropic to approximately $1 billion, signaling continued institutional confidence

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. As the race between leading AI companies intensifies, the industry faces mounting scrutiny over whether current valuations can be justified by future revenue and whether developers will fully embrace machine-generated code for production workloads.

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