MW Anthropic is now worth $380 billion and sharing new details about how much money it makes

By Christine Ji

The $30 billion Series G funding round, which involves Microsoft and Nvidia as backers, comes as Anthropic's products begin to pressure legacy software companies

In just three years, Anthropic's run-rate revenue has gone from zero to $14 billion.

Anthropic announced Thursday that it had raised $30 billion in a Series G funding round, putting its valuation at a whopping $380 billion on a post-money basis.

That's notable for a company that only boasts a newly disclosed $14 billion annual revenue run rate - admittedly up from nothing just three years ago. Investors excited about the potential of artificial-intelligence technology seem willing to wait for Anthropic to monetize its business to a degree more comparable to public companies with similar valuations.

Bank of America (BAC), which has a $380 billion market capitalization, earned $113 billion in revenue last year. Of all U.S. companies with market caps of at least $380 billion, Mastercard $(MA)$ has the lowest annual revenue, according to Dow Jones Market Data, but at about $33 billion, that's still more than double Anthropic's current run rate.

Anthropic's new investment, led by GIC and Coatue, will help the company scale its business and continue competing with other frontier artificial-intelligence labs.

The startup, known for its family of Claude large language models, has been on a hot streak in 2026. According to Thursday's press release, Anthropic launched over 30 products and features in January of this year alone.

Several of these products, including Claude Cowork, have contributed to a brutal selloff among software stocks as investors wonder if Anthropic's AI-native products will disrupt traditional enterprise-software offerings.

With this new funding round, Anthropic has more than doubled its previous $183 billion valuation from last September. The most recent funding round also includes a portion of Microsoft $(MSFT)$ and Nvidia's (NVDA) pledge from November to invest a combined $15 billion in Anthropic.

See more: Microsoft, Nvidia and Anthropic ink $45 billion deal that furthers a big critique of the AI trade

In an era where AI skeptics are wondering about how companies will monetize the technology, Anthropic has gone from zero revenue as of January 2023 to the $14 billion revenue run rate of today.

The growth has been driven mostly by enterprise adoption, with more than 500 customers spending over $1 million annually on Anthropic's products. Anthropic's agentic coding tool Claude Code has doubled its users and run-rate revenue since the beginning of 2026, bringing in an annualized $2.5 billion. Business subscriptions to Claude Code have quadrupled since the beginning of the year.

In the press release, Anthropic also reaffirmed its commitment to platform and hardware neutrality. Claude is the only frontier model available across Amazon.com (AMZN), Google $(GOOGL)$ $(GOOG)$ and Microsoft's cloud platforms, and the model is trained on Amazon Trainium, Google tensor processing units and Nvidia GPUs.

The announcement seemed to breathe a bit of life into some names of the AI trade: shares of Microsoft regained their losses from earlier in the day to trade up 0.3%. Shares of the neocloud companies CoreWeave (CRWV) and Nebius (NBIS) also reversed their earlier losses to trade roughly flat.

Read: The selloff in AI losers has been so steep that this famed activist investor has reportedly sprung into action

-Christine Ji

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February 12, 2026 15:47 ET (20:47 GMT)

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