Anthropic, the artificial intelligence powerhouse known for its Claude chatbot, has made headlines with a recent funding round that netted the company an impressive $30 billion, pushing its valuation to a staggering $380 billion as of February 2026. This remarkable growth has positioned Anthropic as a formidable player in the global tech arena, surpassing the combined market capitalization of India’s top IT firms, which includes major players like Tata Consultancy Services, Infosys, and Wipro, valued together at approximately $240 billion.
Founded in 2021, Anthropic has emerged in just five years as a key stakeholder in the AI sector during a time when the technology is evolving rapidly and reshaping the IT services industry. The company’s strong investor interest reflects broader enthusiasm for innovations in artificial intelligence. Anthropic is dedicated to creating dependable, transparent, and controllable AI systems, focusing heavily on coding-oriented models. Its Claude Code tools have gained significant traction among software developers, bolstering momentum within the enterprise AI segment.
However, the swift advancements in artificial intelligence, particularly through Anthropic’s innovative offerings, have negatively impacted Indian IT stocks. The Nifty IT index experienced a sharp decline of 21% in February, marking its most significant monthly drop since the global financial crisis of 2008. This downturn was prompted by concerns following the introduction of Anthropic’s new AI tool designed to automate a multitude of professional tasks, which reignited fears about potential erosion of profit margins and competitive advantages held by traditional IT service providers.
The new AI system from Anthropic can handle various legal-related functions such as reviewing contracts and managing compliance processes, raising alarms among investors about the changing dynamics in software and IT services markets. Sectors once considered shielded from AI disruption, including legal work, data analysis, and customer support, are now facing scrutiny as automation could threaten the entire ecosystem built around these services.
Backed by tech giants Google and Amazon, Anthropic’s business has been expanding rapidly, with an annualized revenue run rate reaching $14 billion. In particular, revenue from its Claude Code product has surged to over $2.5 billion, more than doubling since the beginning of 2026, driven by a fourfold increase in business subscriptions and strong contributions from enterprise clients.
In addition to Claude Code, Anthropic is also focusing on corporate clients with products like the Claude Cowork AI agent, which is aimed at performing tasks typically managed by white-collar employees. This strategic direction highlights Anthropic’s commitment to carving out a dominant space in the AI market, shaping the future of technology in a variety of professional sectors.
The advancements led by Anthropic point to a transformative shift in the industry, where AI not only enhances productivity but also creates new opportunities, making the future of work an exciting prospect for many businesses and their employees.