Anthropic Announces $30B Series G at $380B Valuation and Expands Enterprise AI Push

Funding scale and valuation

Anthropic announced on February 12, 2026 that it raised $30 billion in Series G funding at a $380 billion post-money valuation. The company said the round was led by GIC and Coatue and included a long list of institutional investors, plus a portion of previously announced strategic investments from Microsoft and NVIDIA. The announcement frames this capital as fuel for frontier model research, product expansion, and infrastructure scaling.

Revenue and customer concentration signals

The company reported a $14 billion run-rate revenue figure and said it has grown more than 10x annually over the last three years. Anthropic also stated that customers spending over $100,000 annually (run-rate basis) grew 7x in the past year. It added that annualized customers above $1 million increased from around a dozen two years ago to more than 500 now, and that eight of the Fortune 10 use Claude. These are self-reported metrics, but they indicate aggressive enterprise concentration.

Claude Code momentum

A key message in the post is agentic coding adoption. Anthropic said Claude Code reached over $2.5 billion in run-rate revenue and more than doubled that run-rate since the start of 2026. It also said weekly active users doubled since January 1 and enterprise usage now represents more than half of Claude Code revenue. The company positions coding as the entry point, then expansion into finance, security, data analysis, and scientific workflows.

Infrastructure strategy and market implications

Anthropic emphasized broad deployment coverage across Amazon Bedrock, Google Vertex AI, and Microsoft Azure Foundry, and said it trains and serves models on AWS Trainium, Google TPUs, and NVIDIA GPUs. The strategy argues for resilience and workload matching rather than single-vendor dependence. The related Hacker News thread drew substantial discussion about valuation sustainability, capex requirements, and whether coding-led distribution will remain the strongest enterprise wedge in the next cycle.