Artificial intelligence company Anthropic said Thursday it has raised $30 billion in its latest funding round, valuing the cloud maker and OpenAI rival at $380 billion, underscoring the breakneck pace of AI investment.
The round, led by Singapore sovereign wealth fund GIC and hedge fund Coatue Management, is one of the largest private fundraising deals on record and comes just five months after Anthropic closed its previous round at a valuation of $183 billion – meaning the company has more than doubled in value since September.
“Anthropic is the clear category leader in enterprise AI,” said Chu Yong China, chief investment officer of private equity at GIC.
Anthropic said its annual revenues have reached $14 billion, increasing more than tenfold in each of the past three years. A key driver of recent growth has been Cloud Code, the company’s AI-powered coding tool that became generally available in May 2025.
Anthropic’s rival OpenAI, backed by Microsoft and SoftBank, is reportedly assembling a larger round of up to $100bn, which would value the ChatGPT maker at about $830bn.
The staggering sums being raised reflect an equally staggering burn rate, with companies spending cash to cover their huge computing costs and attract researcher talent.
According to reports, Anthropic is projected to reduce its cash burn to about a third of revenue in 2026 and just 9% by 2027, with a break-even target of 2028 – two years ahead of its rival. Both companies are widely expected to pursue initial public offerings in the second half of 2026.
Founded in 2021 by siblings Dario and Daniela Amodei, both former OpenAI executives, Anthropic has positioned itself as a security-focused alternative in the AI race.
The funding round also came shortly after Anthropic aired its first television commercial during Super Bowl LX, using the campaign to emphasize that its products remain ad-free. The ads are a clear blow to OpenAI, which has begun introducing ads into the free version of ChatGPT.
Anthropic’s first backers include Amazon, which has invested $8 billion and serves as a primary cloud partner, as well as Google, which has invested $2 billion in 2023.
