Anthropic hits $380b valuation after securing $30b in second-largest VC deal ever

Series G Round Propels Claude maker past expected $350b mark; revenue run-rate skyrockets to $14b as "claude code" dominates enterprise.

The AI valuation ceiling has been shattered again. On February 12, 2026, Anthropic officially confirmed it has raised a monumental $30 billion in Series G funding. The round values the "safety-first" AI firm at $380 billion post-money, surpassing the $350 billion figure previously rumored in January and cementing its status as the world’s second most valuable AI startup.

The deal is now the largest venture funding round of 2026 and the second-largest in history, trailing only OpenAI’s $40 billion raise in 2025.

The "GIC-Coatue" syndicate: A who's who of global capital

The round was led by Singapore’s sovereign wealth fund GIC and the tech-focused investment firm Coatue Management. The massive investor roster reflects a global race to back OpenAI's primary rival. The round was co-led by Founders Fund (Peter Thiel), D.E. Shaw Ventures, Dragoneer, ICONIQ, and the Abu Dhabi-based MGX.

The total includes portions of previously announced $15 billion commitments from Microsoft and Nvidia. Other participants include BlackRock, Sequoia Capital, Fidelity, and the Qatar Investment Authority.

Anthropic remains the only "frontier" AI provider available across all three major clouds: AWS Bedrock, Google Cloud Vertex, and Microsoft Azure Foundry.

The financial explosion: $0 to $14B in 36 months

Anthropic’s financial trajectory is being called "statistically anomalous" by analysts. The company revealed it has hit a $14 billion revenue run-rate, up from just $9 billion in late 2025 and zero just three years ago.

The "Claude Code" effect

A major driver is the explosive success of Claude Code, which launched in May 2025. It now contributes over $2.5 billion in run-rate revenue, with business subscriptions quadrupling since the start of 2026.

Over 500 customers now spend more than $1 million annually on Claude, and 8 of the Fortune 10 are currently active users.

Product power: Opus 4.6 vs. GPT-5.2

The funding comes on the heels of the Opus 4.6 release earlier this month. Independent testing by Artificial Analysis reportedly places Opus 4.6 at the top of the leaderboards, outperforming OpenAI’s GPT-5.2 in complex reasoning and long-context document generation.

Furthermore, Anthropic’s launch of Cowork (a non-coding agentic tool) in January has reportedly caused a massive sell-off in traditional "SaaS" shares as investors realize the AI can now handle middle-office tasks like legal review and financial analysis autonomously.

The "IPO signal" and Trump administration friction

The $30B war chest is widely viewed as the "pre-IPO" round. Analysts at Renaissance Capital expect Anthropic to file for a late 2026 IPO, potentially racing OpenAI to the public markets.

However, the company is also navigating a tense political landscape. Simultaneously with the funding news, Anthropic announced a $20 million donation to Public First Action, a bipartisan group opposing the Trump administration’s reported efforts to dismantle federal AI safety guardrails. This move underscores Anthropic’s "Constitutional AI" ethos, even as it scales to become a global tech titan.Bus-3