How demand for Claude drove Anthropic's US$380bn Valuation

Anthropic has raised US$30bn in Series G funding, valuing the AI startup at US$380bn post-money.

The round reflects what Chief Financial Officer Krishna Rao describes as "incredible demand" for the company's Claude chatbot from enterprise customers.

The funding was led by GIC and Coatue, and co-led by D.E. Shaw Ventures, Dragoneer, Founders Fund, ICONIQ and MGX.

Other notable investors in the round include BlackRock, Growth Equity at Goldman Sachs Alternatives, JPMorgan Chase through its Security and Resiliency Initiative and Growth Equity Partners and Morgan Stanley Investment Management.

According to Anthropic, the investment will support the frontier research, product development and infrastructure expansions that have positioned the company as a leader in enterprise AI and coding.

Krishna says in the company announcement: "Whether it's entrepreneurs, startups or the world's largest enterprises, the message from our customers is the same: Claude is increasingly becoming critical to how businesses work. This fundraising 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 have come to depend on."

Enterprise adoption drives growth

The number of customers spending over US$100,000 annually on Claude has grown seven times over the 12 months to February 2025, according to Anthropic.

Businesses that initially adopted the chatbot for a single use case have been expanding integration across their organisations.

The company reports that in 2024, 12 customers spent over US$1m on an annualised basis. As of 12 February 2025, that number had reached over 500, with eight of the Fortune 10 among them.

Philippe Laffont, Founder and Portfolio Manager of Coatue, commented: "Since our initial investment in 2023, Anthropic's focus on agentic coding and enterprise-grade AI systems has accelerated its progress toward large-scale adoption. The team's ability to rapidly scale its offerings further positions Anthropic as a leader in a highly competitive AI market."

Choo Yong Cheen, Chief Investment Officer of Private Equity at GIC, said: "Anthropic is the clear category leader in enterprise AI, demonstrating breakthrough capabilities and setting a new standard for safety, performance and scale that will drive their long-term success."

Financial services deployment expands

In January 2025 alone, Anthropic launched more than 30 new products and features, including Cowork – an AI agent designed for non-technical, multi-step and agentic workflows directly within the Claude Desktop app.

The company also expanded into healthcare and life sciences, with Claude for Enterprises now available to organisations under the Health Insurance Portability and Accountability Act of 1996.

Goldman Sachs represents a notable example of enterprise adoption in financial services. Marco Argenti, the bank's Chief Information Officer, told CNBC on 3 February 2025 that Goldman Sachs has been working with Anthropic engineers to co-develop autonomous agents for accounting for trades and transactions, and client vetting and onboarding.

"Think of it as a digital co-worker for many of the professions within the firm that are scaled, are complex and very process intensive," he said.

Marco adds that the agents should launch "soon", but did not provide CNBC with a specific date.

Commenting on the report on LinkedIn, Krishna wrote: "It's great to see Goldman Sachs using Claude to build AI agents for some of the most critical processes in financial services, including client onboarding and trade reconciliation.

"Financial services has been one of our fastest-growing verticals, and we are seeing the world's most sophisticated institutions choose Claude for accounting, compliance, client operations and other high-stakes operational work."