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Anthropic Raises $13B Series F at $183B Post-Money; ICONIQ Leads the Round

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Anthropic completed a $13B Series F at a $183B valuation led by ICONIQ. Run-rate revenue rose from ~$1B to >$5B in eight months as enterprise adoption surged.

Anthropic said on Sept. 2, 2025 it completed a $13 billion Series F funding round led by ICONIQ, valuing the company at $183 billion post-money. Co-leads include Fidelity Management & Research Company and Lightspeed Venture Partners. The company reports run-rate revenue grew from about $1B (Jan 2025) to $5B (Aug 2025), alongside rapid enterprise adoption. Funds will support enterprise demand, AI safety research and international expansion.

Key Takeaways

  • Major capital raise: $13B Series F at $183B post-money (ICONIQ lead; Fidelity, Lightspeed co-leads).
  • Hypergrowth: Run-rate revenue scaled from ~$1B to >$5B in eight months; 300k+ business customers; 7x growth in large accounts.
  • Enterprise impact: More capacity, faster roadmap, deeper safety/interpretability investment.

By the Numbers

  • $13B Series F • $183B post-money valuation
  • $5B+ run-rate revenue (Aug 2025); ~$1B in Jan 2025
  • 300,000+ business customers; growth in $100k+ accounts (YoY)
  • $500M+ run-rate from Claude Code (launched May 2025)
  • Use of proceeds: enterprise demand, safety R&D, global expansion

Deal Terms & Investors

The round was led by ICONIQ, with Fidelity and Lightspeed as co-leads. Additional participants include Altimeter, Baillie Gifford, funds affiliated with BlackRock, Blackstone, Coatue, D1 Capital, General Atlantic, General Catalyst, GIC, Goldman Sachs Alternatives (Growth Equity), Insight Partners, Jane Street, Ontario Teachers’ Pension Plan, Qatar Investment Authority, TPG, T. Rowe Price (Associates & Investment Management), WCM and XN.

“Anthropic is on an exceptional trajectory, combining research excellence, technological leadership, and relentless focus on customers. We’re honored to partner with Dario and the team, and our lead investment in their Series F reflects our belief in their values and their ability to shape the future of responsible AI.”

- Divesh Makan

Partner at ICONIQ

Growth Metrics to Watch

  • Run-rate revenue: ~$1B (Jan 2025) → >$5B (Aug 2025)
  • Customer base: 300k+ businesses; large ($100k+) accounts up ~7× YoY
  • Claude Code: >$500M run-rate; 10× usage growth in three months post full launch

Why It Matters for Enterprises

More capital plus clear demand signals typically translate into faster product cadence, higher availability and deeper governance/safety features across Claude, Claude Code and API products. For CIOs and platform teams, expect continued investment in alignment, interpretability and enterprise controls as usage scales.

Anthropic Platform Snapshot

  • Claude AI Assistant: Enterprise assistant launched Mar 2023.
  • Claude Code: Developer tool fully launched May 2025; >$500M run-rate.
  • API & Industry Products: Integrations for critical apps without heavy lift.
  • Pro & Max Plans: Enhanced capabilities for power users.
  • Safety Research: Ongoing work in alignment & interpretability.

Context: Enterprise AI Adoption (Fresh Data)

Organizations are moving up the MIT CISR AI maturity curve: in the 2025 update, 18% are now “AI future ready” (vs. 7% in 2022). Broad AI usage hit 78% of firms in 2024 (McKinsey) and 71% report regular genAI use in at least one function.

CIO surveys show 61% believe revenue gains alone justify AI costs, but only 32% measure both revenue and time savings. Top concerns remain data security and privacy.

FAQs

To meet enterprise demand, deepen safety research and support international expansion.
Expansion of enterprise customers and usage across Claude, Claude Code and API/industry products.
Steadier capacity, faster shipping cycles and continued emphasis on safety/interpretability.
About the Author
Michelle Hawley

Michelle Hawley is an experienced journalist who specializes in reporting on the impact of technology on society. As editorial director at Simpler Media Group, she oversees the day-to-day operations of VKTR, covering the world of enterprise AI and managing a network of contributing writers. She's also the host of CMSWire's CMO Circle and co-host of CMSWire's CX Decoded. With an MFA in creative writing and background in both news and marketing, she offers unique insights on the topics of tech disruption, corporate responsibility, changing AI legislation and more. She currently resides in Pennsylvania with her husband and two dogs. Connect with Michelle Hawley:

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