OpenAI rival Anthropic doubles valuation to $380 billion in $30 billion funding round

Dario Amodei, CEO and co-founder of Anthropic, attends the annual meeting of the World Economic Forum in Davos, Switzerland, on January 23, 2025. MARKUS SCHREIBER / AP

Artificial intelligence company Anthropic said Thursday, February 12, it raised $30 billion in its latest funding round that values the OpenAI rival at $380 billion, underscoring the breakneck pace of AI investments.

The round, led by Singapore sovereign wealth fund GIC and hedge fund Coatue Management, is among the largest private fundraising deals on record and comes just five months after Anthropic closed its previous round at a $183 billion valuation, meaning the company has more than doubled in value since September.

Anthropic said its annualized revenue has reached $14 billion, having grown more than tenfold in each of the past three years.

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