Anthropic Closes $30B Funding, Valuation Soars to $38B, Fueling Tech Sector Sell-Off

Anthropic closed a $30 billion funding round on February 12, 2026, lifting its valuation to $38 billion. The firm, developer of the Claude coding-focused chatbot, also released Claude Cowork add-ons, including Legal, stoking fears of AI replacing software roles and contributing to the sector's steepest sell-off this year. The round was led by D. E. Shaw Ventures, ICONIQ and MGX, with participation from JPMorgan, BlackRock, Microsoft and NVIDIA. Blackstone's stake increased to about $10 billion, according to a Reuters report. Revenue grew sharply, with annualized revenue reaching $14 billion in 2025. Claude Code, when considered separately, generated over $25 billion in annualized revenue, up more than double since the start of the year. The company plans to donate $20 million to support AI regulation efforts. “Our companies have a responsibility to ensure this technology serves the public interest, not just our own,” said a company spokesperson.