Anthropic Closes $30B Series G at $380B Valuation, Setting New AI Secondary Benchmark

Anthropic Raises $30 Billion at $380 Billion Post-Money Valuation Anthropic has closed its Series G funding round at $30 billion , with GIC and Coatue as lead investors . The post-money valuation of $380 billion cements its status as one of the most valuable private companies in the world. The round includes co-leads D. E. Shaw Ventures, Dragoneer, Founders Fund, ICONIQ, and MGX. Investor Roster Spans Global Institutional Capital Sovereign/Institutional: GIC, QIA, Temasek, MGX, Baillie Gifford Asset Managers: Blackstone, BlackRock, Goldman Sachs Growth Equity, Morgan Stanley IM, TPG, Fidelity VC/Growth: Sequoia Capital, Lightspeed, General Catalyst, Coatue, Insight Partners Strategic: Microsoft, NVIDIA (previously announced partnerships) Revenue and Growth Metrics Annual run-rate revenue: $14 billion Revenue growth: 10x annually for three consecutive years Customers spending over $100K/year on Claude: 7x growth in the past 12 months Whether it is entrepreneurs, startups, or the world largest enterprises, the message from our customers is the same: Claude is increasingly becoming critical to how businesses work. - Krishna Rao, CFO, Anthropic Secondary Market and Tender Offer Watch Anthropic is separately reported to be preparing a tender offer for employees following this primary raise, which would establish a secondary market clearing price at or near the $380 billion mark. Near-term tender offer pricing is likely to reflect a modest discount of 5-15% depending on share class and lock-up terms. Why This Matters for Private Markets The $380 billion valuation compresses the gap between frontier AI companies and the largest public tech firms. For secondary market participants, the Series G establishes a credible mark for portfolio valuation and creates a near-term catalyst via the pending tender offer. The participation of Blackstone, TPG, and Goldman Sachs Growth Equity alongside traditional VCs reflects the institutionalization of AI primary rounds, suggesting GP-led continuation vehicles built around AI holdings will find ready secondary buyers at increasingly tight discounts.