Anthropic has closed a $30 billion funding round at a $380 billion valuation, making it the second-largest private tech fundraising behind OpenAI’s $40 billion round last year.

The company, founded by former OpenAI researchers, is expanding its enterprise-focused AI offerings, including Claude and the coding tool Claude Code, which now generates $2.5 billion in annualized revenue.

The fresh capital will support infrastructure, research, and continued investment in enterprise-grade products, with participation from investors like Coatue, GIC, Microsoft, and Nvidia.

Anthropic’s growth reflects strong demand from businesses, while OpenAI continues raising funds—potentially up to $100 billion—to support its consumer-facing AI tools like ChatGPT and Codex, CNBC has reported.

Both companies face high costs for computing resources and competition from Google, which is investing heavily in AI products like Gemini.