StoryFunding
Anthropic raises $13B Series F at a $183B post-money valuation
Anthropic raised $13 billion in Series F at a $183 billion post-money valuation, led by ICONIQ with co-leads from Fidelity and Lightspeed. The round reflected exponential growth: run-rate revenue surged from ~$1 billion at the start of 2025 to over $5 billion by August, with over 300,000 business customers.
- Lead investor ICONIQ, co-led by Fidelity Management & Research and Lightspeed; also includes Altimeter, Baillie Gifford, BlackRock, Blackstone, Coatue, D1 Capital, General Atlantic and others.
- Run-rate revenue grew 5x in eight months; large accounts (>$100k annual) grew nearly 7x year-over-year.
- Serves 300,000+ business customers; demand cited across entire customer base.