OpenAI competitor Anthropic has raised $30 billion in investment. It was valued at $380 billion
The release of Anthropic's new AI triggered a sell-off in the software developer's stock in early February, which then spread to other sectors of the economy as well
AI startup Anthropic's valuation has nearly doubled since its September funding round / Photo: PJ McDonnell / Shutterstock.com
AI startup Anthropic, whose chatbot Claude competes with ChatGPT, announced it has closed a $30 billion funding round at a $380 billion valuation, more than double the valuation from September, when the company last raised capital, CNBC notes.
Details
The lead investors in the Anthropic round were Coatue (invested in Spotify and SpaceX) and Singaporean sovereign wealth fund GIC. The company said the round also included a "portion" of previously announced investments from Microsoft and Nvidia: in November, those companies announced plans to invest up to $5 billion and $10 billion, respectively. The company said the capital raised will be used to expand infrastructure, research and further investment in enterprise-class products.
Anthropic gets about 80% of its revenue from corporate clients, Anthropic CEO Dario Amodei told CNBC in an interview in January. This is largely due to the popularity of the Claude Code tool, an AI service that automates parts of the process of writing program code.
According to Anthropic's announcement on Thursday, Claude Code's annual projected revenue rate has exceeded $2.5 billion (meaning that at current revenue rates, the annual result will reach that figure), and the number of business subscriptions has quadrupled since the beginning of the year. Annual revenue for Anthropic as a whole could reach $14 billion at the current rate, which is about $10 billion in 2025, CNBC said.
Context
In early October, artificial intelligence market pioneer and one of Anthropic's main competitors OpenAI, which developed ChatGPT, reached a valuation of $500 billion, making it the world's most valuable private company at the time, surpassing Elon Musk's SpaceX.
Developing and training AI models is enormously expensive, which is one of the reasons Anthropic and OpenAI continue to raise such massive sums, CNBC explains. The money is primarily used to buy computing power, such as Nvidia GPUs. Both companies are also competing with Google, which has announced plans to invest up to $185 billion in capital expenditures in 2026 and is investing heavily in its Gemini product line.
According to CNBC, OpenAI is also in talks with investors for a new round of funding for approximately $100 billion. The company needs to replenish its cash reserves after winning $1.4 trillion in infrastructure contracts last year.
This article was AI-translated and verified by a human editor
