Singapore’s GIC leads record US$30B Series G round in Anthropic

The startup is now valued at around US$380 billion

Singapore’s sovereign wealth fund GIC has led a massive US$30 billion Series G funding round in US-based artificial intelligence (AI) firm Anthropic. The startup is now valued at around US$380 billion, and it’s one of the largest private fundraises in tech to date.

According to a press release, the deal underscores an increased appetite from global investors for frontier AI companies as competition in the space accelerates.

Founded by former OpenAI researchers in 2021, Anthropic positioned itself as a major player in enterprise artificial intelligence through its Claude family of large language models. According to Anthropic, demand from enterprises has grown rapidly, with companies using Claude for applications ranging from coding and research to document analysis and automation.

The fresh capital will be channelled into scaling AI research, strengthening compute infrastructure, and expanding product capabilities. As AI models become more powerful and expensive to train, access to deep capital reserves is emerging as a key competitive advantage.

The funding also builds on GIC’s prior participation in Anthropic’s earlier Series F round, reflecting the sovereign wealth fund’s long-term investment strategy of backing high-growth technology companies across multiple stages.

Announcement came after Singapore’s Budget 2026 statement

The funding announcement comes just after Singapore’s Budget 2026 was made yesterday afternoon (Feb 12), where Prime Minister Lawrence Wong shared that the government has set out plans to harness AI as a strategic advantage for the country’s economy, workforce and industries.

PM Wong also announced the creation of a National AI Council, where he would personally lead to guide a cohesive national AI agenda and drive targeted missions in sectors like advanced manufacturing, finance and healthcare; emphasising real outcomes over isolated pilots. 

Budget 2026 also expands support for AI adoption with business-friendly incentives, including:

1. The Enterprise Innovation Scheme will be expanded to include AI expenditures, capped at S$50,000 per year of assessment for 2027 and 2028.
2. The launch of the Champions of AI programme, which is aimed to support firms with the ambition to use AI to comprehensively transform their business.
3. The Productivity Solutions Grant will now include a wider range of digital and AI-enabled solutions
4. Providing six months free access to premium AI tools for Singaporeans who take up selected AI training courses.

As countries race to capture the economic and strategic upside of AI, Singapore is laying both policy and investment groundwork to be a hub where cutting-edge AI innovation, enterprise uptake and human capital development converge.

• Read the original press release here.
• Get the latest Singapore news here.

Also Read: Google to create more than 150 jobs in Singapore as it refocuses on AI

Featured Image Credit: Bloomberg, PJ McDonnell via Shutterstock.com