Anthropic has raised $30 billion in investment at a $380 billion valuation, CNBC reported on Feb. 12 local time.

It was the second-largest private company funding round on record after OpenAI raised $40 billion last year under SoftBank’s lead.

The round was led by Coatue and Singapore sovereign wealth fund GIC, with participation from D.E. Shaw Ventures, Dragoneer, Founders Fund, Iconiq and MGX. Microsoft and Nvidia plan to invest up to $5 billion and $10 billion, respectively.

Anthropic was founded in 2021 by former OpenAI researchers and is growing rapidly in the enterprise market with its Claude AI. Its annualized revenue rose to $14 billion from $10 billion last year.

Anthropic gets 80 percent of its total revenue from enterprise customers, and annualized revenue from its AI coding tool Claude Code increased to $250. Enterprise subscriptions also rose fourfold compared with early last year, and more than half of Claude Code revenue comes from enterprise customers. Anthropic recently also introduced its AI productivity tool Claude Cowork.

Anthropic CFO Krishna Rao (크리슈나 라오) said, "Companies are using Claude as a core element of their business," adding, "This investment reflects that demand."

OpenAI is also pursuing a $100 billion fundraising.