Author: Bright Company
According to the Substack account Newcomer, the prominent investment firm Coatue Management predicted in a January internal investor presentation that Anthropic’s valuation could surge to $1.995 trillion by 2030.
According to a PPT released by Newcomer, Anthropic is projected to generate $18 billion in revenue in 2026, but will still report an EBITDA loss of $14 billion, with ARR reaching $30 billion by year-end.
By 2031, the company’s revenue is projected to surge to $200 billion, with EBITDA profits of $48 billion and ARR rising further to $224 billion.
Based on this, Coatue used a forward 41x EBITDA multiple to estimate a $1.995 trillion valuation for 2030, suggesting it could rise further to $2.413 trillion by 2031.
In February this year, Anthropic completed a new funding round. Coatue and Singapore’s sovereign wealth fund, GIC, co-led Anthropic’s $30 billion Series G financing, valuing the company at $380 billion post-money. This round ranks among the largest in AI history and also included participation from top-tier institutions such as D.E. Shaw Ventures and Founders Fund. At the time, Coatue founder Philippe Laffont expressed strong confidence in Anthropic’s strategic focus on enterprise AI and agent coding.
However, Anthropic’s actual growth rate has partially exceeded Coatue’s optimistic expectations. By early March, the company’s ARR had approached $20 billion, doubling from $9 billion at the end of 2025, with particularly strong growth in February. Anthropic’s CEO, Dario Amodei, confirmed at the Morgan Stanley conference that products such as Claude Code have been significant contributors, with enterprise customers accounting for as much as 80% of revenue, and consumption-based billing further amplifying revenue elasticity.
As a leading competitor to OpenAI, Anthropic is renowned for its "safe and reliable" AI philosophy, with its Claude series models rapidly gaining adoption in coding and enterprise applications. Since 2025, weekly active users of Claude Code have doubled, and the proportion of code generated by Claude on GitHub has risen significantly. The company achieved revenue growth from zero to billions of dollars in less than three years, outpacing the early growth rates of major cloud computing giants. The generative AI market is currently in a period of explosive growth, driven by data center expansion, rising compute demand, and enterprise digital transformation, collectively fueling expectations of trillion-dollar market expansion.