Author: Bright Company

According to Substack account Newcomer, the well-known investment firm Coatue Management predicted in an internal investor presentation document from January that Anthropic's valuation will soar to $1.995 trillion by 2030.

Based on the Coatue PPT published by Newcomer, Anthropic is expected to achieve revenue of $18 billion in 2026, but EBITDA will still incur a loss of $14 billion, and ARR will reach $30 billion by the end of the year.

By 2031, the company's revenue is expected to jump to $200 billion, with EBITDA profit of $48 billion, and ARR further climbing to $224 billion.

Coatue used this as the basis and applied a forward EBITDA multiple of 41 times, projecting a valuation of $1.995 trillion in 2030, and suggesting it could further rise to $2.413 trillion in 2031.

In February this year, Anthropic just completed a new round of financing. Coatue and the Singapore sovereign wealth fund GIC jointly led Anthropic's $30 billion Series G funding, with a post-investment valuation of $380 billion. This round of financing ranks among the largest in AI history, with participation from top firms including D.E. Shaw Ventures and Founders Fund. Coatue founder Philippe Laffont stated at the time that the company is confident in Anthropic's layout in enterprise-level AI and Agent Coding.

However, Anthropic's actual growth rate has partially exceeded Coatue's optimistic expectations. By early March, the company's ARR was nearly $20 billion, doubling from $9 billion at the end of 2025, with particularly significant growth in February. Anthropic CEO Dario Amodei confirmed at a Morgan Stanley conference that products like Claude Code have made substantial contributions, with enterprise customers accounting for as much as 80%, and the consumer billing model further amplifying revenue elasticity.

As a major competitor to OpenAI, Anthropic is known for its "safe and reliable" AI philosophy, with its Claude series models rapidly penetrating Coding and enterprise applications. Since 2025, weekly active users of Claude Code have doubled, and the proportion of code generated by it on GitHub has significantly increased. The company achieved a revenue leap from zero to a billion-dollar level in less than three years, with growth rates far surpassing those of early cloud computing giants. The generative AI market is currently in an explosive period, driven by data centers, computing power demand, and corporate digital transformation, collectively driving trillion-dollar growth expectations.