Anthropic Raises $30B at $380B Valuation
Narrative
Series G funding round raising $30B at $380B post-money valuation, led by GIC and Coatue. Includes portions of previously announced Microsoft ($5B commitment) and Nvidia ($10B commitment) investments. Run-rate revenue reaches $14B (10x annual growth over past 3 years). Claude Code revenue exceeds $2.5B run-rate (doubled since start of 2026). Enterprise customers spending >$100k annually grew 7x in past year.
Reality
Announced February 12, 2026. Second-largest private tech funding round ever (after OpenAI's $40B in 2025). More than doubles September 2025 valuation ($183B → $380B). Total raised approaches $64B since 2021 founding. Co-led by D.E. Shaw Ventures, Dragoneer, Founders Fund, ICONIQ, MGX; broad participation including Sequoia, Lightspeed, Blackstone, BlackRock.
Implication
Cements Anthropic as #2 most valuable AI startup behind OpenAI ($500B valuation). Validates enterprise-first strategy vs consumer-focused competitors. Funding supports frontier research, infrastructure expansion, and enterprise product development amid $650B+ collective Big Tech AI capex. Positions company for potential 2026 IPO alongside OpenAI and SpaceX as top watched exits.