Anthropic confirms another large amount of funding, with a $30 billion Series G round.
The funding is the second-largest private financing round in the tech space, behind 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 valued the cloud developer at $380 billion. OpenAI has a market valuation of approximately $500 billion.
Other significant participants included DE 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 invest up to $10 billion and $5 billion respectively.
The big numbers show that there is still little chance of any slowdown in the stratospheric investment in AI over the past 18 months and reflect both the enormous expense involved in developing AI models and the dramatic success of Anthropic’s Cloud Generator AI model family in the enterprise market. OpenAI, which has had more success so far in the consumer market, is trying to boost its enterprise business and could overtake Anthropic as it seeks a new $100 billion funding round, CNBC reported.
as mentioned on 12th FebruaryAnthropic earned its first dollar in revenue less than three years ago, but now reports a revenue run rate of $14 billion, with that figure increasing tenfold on an annual basis in the three years since. According to the company, OpenAI’s revenue exceeded $20 billion last year. Both companies, the largest independent AI vendors, are considering IPOs this year or next.
“Whether they’re entrepreneurs, startups, or the world’s largest enterprises, the message from our customers is the same: The cloud is becoming increasingly important to the way businesses work,” Anthropic CFO Krishna Rao said in the post.
He added, “This fundraise 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 depend on.”
Customer spending is behind the dramatic increase in revenue, according to Anthropic, which said it has seen a sevenfold increase in those spending more than $100,000 on the cloud over the past year.
Similarly, more than 500 customers now spend more than $1 million per year, compared to just $12 million two years ago, and the vendor said it is also finding that more and more businesses that started with the cloud for a single application move on to integrate additional elements.
Anthropic gets about 80% of its business from venture cloud codeA popular model that automates parts of software development is a major contributor to this.
Since the public release of Cloud Code in May 2025, cloud annual revenue has grown to $2.5B, which Anthropic attributes to a quadrupling of enterprise subscriptions since the beginning of the year. Its success has been further aided by the launch of cloud peerA more user-friendly version. OpenAI’s Codex, a direct competitor to Cloud Code, has been integrated into the vendor’s GPT-4 model.
Anthropic said it will use the Series G money to further develop its cloud infrastructure.
