Qatar Investment Authority (QIA) has joined a roster of heavyweight global investors in backing Anthropic’s $13 billion Series F, a funding round that values the AI company at $183 billion post-money. The raise, led by Iconiq Capital with co-leads Fidelity Management & Research Company and Lightspeed Venture Partners, nearly triples Anthropic’s valuation from just six months ago.
QIA is joined by Singapore’s GIC, BlackRock, Goldman Sachs Alternatives, Ontario Teachers’ Pension Plan, and others. The UAE’s MGX – previously reported to be in advanced talks alongside QIA – was notably absent from the final list of investors.
The deal underscores the gravitational pull of Gulf sovereign wealth in AI funding. Anthropic’s decision to accept Gulf capital follows earlier controversy: leaked Slack messages from CEO Dario Amodei described such investment as “lining the pockets of dictators.” At the time, Anthropic had rejected Saudi funding and warned of the risks of building AI supply chains in authoritarian states.
But the company now appears to have shifted its stance, framing Gulf capital as a “narrowly scoped, purely financial” investment with no governance rights attached. The move comes amid intensifying competition with rivals like OpenAI and Google DeepMind, where access to compute and capital is decisive.
Anthropic has been on a tear in 2025. Revenue run-rate has grown from $1 billion in January to $5 billion by August, making it one of the fastest-growing tech firms in history. Its Claude family of AI assistants now serves over 300,000 business customers, with large accounts (>$100,000 annual spend) growing nearly 7x in the past year. New products like Claude Code, launched in May, already generate more than $500 million in annualized revenue.
For QIA, the deal places Qatar at the center of the AI funding race, alongside rival Gulf investors such as Abu Dhabi’s Mubadala and MGX, and Saudi’s PIF via Sanabil. It also gives the sovereign fund exposure to one of Silicon Valley’s most aggressively scaling companies, even as Anthropic insists it will not build training clusters in the Middle East.
