Anthropic Hits $3 Billion Annualized Revenue Milestone

The AI Startup Anthropic is projected to generate $3 billion in annualized revenue this year. The company’s figures jumped from $1 billion to $3 billion in just five months,  largely due to its strategic focus on business-to-business (B2B) deals.

According to a Reuters exclusive, two anonymous sources familiar with the matter confirmed the remarkable growth Anthropic has experienced in the past few months. The AI company has focused on developing AI products—particularly in code generation—to serve other companies.

A few weeks ago, Anthropic launched its latest generation of AI models, Claude 4, and claimed to have developed the “world’s best coding model.”

Founded in 2021, Anthropic has tripled its sales this year, reaching its $3 billion milestone in May. Its revenue projections were around $1 billion in December 2024 and hit $2 billion by the end of March.

As part of its sales strategy, Anthropic has highlighted the increasing demand for AI tools in the enterprise sector, offering solutions through its Software-as-a-Service (SaaS) model with strong results.

“We’ve looked at the IPOs of over 200 public software companies, and this growth rate has never happened,” said Alex Clayton, Meritech General Partner, to Reuters.

While Anthropic also offers subscription based services—having recently introduced its $100 and $200 monthly plans—its rapid growth is still exotic in the Saas sector. Clayton compared it to Snowflake, a cloud base Saas that also experienced strong growth but it took it 6 quarters to go from $1 billion to $2 billion in annualized revenue.

Anthropic’s main competitor OpenAI—more widely adopted by s across the globe—has also reported significant revenue growth. OpenAI is expected to reach $12 billion in total revenue in 2025, after generating $3.7 billion in 2024.

Anthropic is currently valued at $61.4 billion, following a $3.5 billion funding deal earlier this year. OpenAI, on the other hand, reached a $300 billion valuation after a $40 billion investment deal led by SoftBank two months ago.

OpenAI and Anthropic’s extraordinary growth signals rising enterprise adoption of generative AI tools and the potential for B2B-focused AI companies to scale quickly.