Anthropic Raises $13B Series F at $183B Valuation, Revenue Run-Rate Hits $5B

Anthropic has raised $13 billion in a Series F round led by ICONIQ, valuing the company at $183 billion post-money. Fidelity Management & Research Company and Lightspeed Venture Partners also co-led the round.

The funding saw participation from investors including Altimeter, Baillie Gifford, affiliated funds of BlackRock, Blackstone, Coatue, D1 Capital Partners, General Atlantic, General Catalyst, GIC, Goldman Sachs Alternatives, Insight Partners, Jane Street, Ontario Teachers' Pension Plan, Qatar Investment Authority, TPG, T. Rowe Price, WCM Investment Management, and XN.

“From Fortune 500 companies to AI-native startups, our customers rely on Anthropic’s frontier models and platform products for their most important, mission-critical work,” said Krishna Rao, chief financial officer of Anthropic. “We are seeing exponential growth in demand across our entire customer base.”

Anthropic reported run-rate revenue of $1 billion at the start of 2025, which grew to over $5 billion by August. The company serves more than 300,000 business customers, with large accounts—defined as over $100,000 in run-rate revenue—growing nearly sevenfold in the past year.

Developer-focused product Claude Code, launched in May 2025, has generated over $500 million in run-rate revenue, with usage expanding more than tenfold in three months. Anthropic’s consumer offering, Claude Pro, continues to attract individual users for everyday and specialised tasks.

“Anthropic is on an exceptional trajectory, combining research excellence, technological leadership, and relentless focus on customers,” said Divesh Makan, Partner at ICONIQ. “Enterprise leaders tell us what we’re seeing firsthand—Claude is reliable, built on a trustworthy foundation, and guided by leaders truly focused on the long term.”

The company said proceeds from the funding will be used to expand enterprise capacity, deepen safety research, and support international growth.