Overview

• ICONIQ led the round with co-leads Fidelity and Lightspeed, joined by major institutions and sovereign funds including Qatar Investment Authority, BlackRock, Blackstone and GIC.
• Anthropic reports run‑rate revenue above $5 billion as of August, up from about $1 billion at the start of 2025, with 300,000+ business customers and nearly 7x growth in large accounts.
• Claude Code has become a key driver, generating over $500 million in run‑rate revenue with usage up more than tenfold since its May launch.
• The company says it will use the cash to scale enterprise adoption, deepen AI safety research, and expand internationally.
• The valuation nearly triples the $61.5 billion post‑money from March’s $3.5 billion raise, as the company draws scrutiny over sovereign investors and sustainability in a costly race with OpenAI and Google.