Anthropic’s revenue run rate tops US$65 billion: source

Anthropic's annual revenue run rate topped US$65 billion by the end of July, up from US$47 billion in May and about US$9 billion at the end of 2025, according to a person familiar with the matter. The AI startup, creator of the Claude model, is projecting 2028 revenue of roughly US$190 billion to US$200 billion, with its IPO valuation hinging on those forecasts. Anthropic confidentially filed for an IPO earlier this year and was valued at US$965 billion in May after raising US$65 billion in its Series H funding round.

Anthropic’s revenue run rate tops US$65 billion: source Anthropic is projecting 2028 revenue of roughly US$190 billion to US$200 billion ANTHROPIC’S annual revenue run rate topped US$65 billion by the end of July, a person familiar with the matter said on Monday Aug 17 , underscoring the Claude creator’s rapid growth ahead of a potential public listing later this year. The AI startup’s latest revenue run rate — a metric that projects annual performance by extrapolating current sales levels — was up from the US$47 billion in May and an extraordinary jump from about US$9 billion at the end of 2025. The company had shared the latest figure with investors as part of ongoing financial updates, the person said. Bloomberg first reported the development earlier on Monday. Anthropic is projecting 2028 revenue of roughly US$190 billion to US$200 billion, with its IPO valuation hinging on those forecasts, Reuters reported on Friday. The company has emerged as an AI frontrunner as its Claude coding agent gains traction among developers, helping the company draw steady enterprise dollars. Anthropic earlier this year confidentially filed for an IPO, as the startup and rival OpenAI race to make their market debuts amid strong investor appetite for AI firms. Anthropic was valued at US$965 billion in May after raising US$65 billion in its Series H funding round, more than double its US$380 billion valuation in February. REUTERS Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free. Share with us your feedback on BT's products and services TRENDING NOW /pulse?ref=trending-now Kallang Distripark set to be redeveloped for thousands of new private homes Financial planners urge investors to consider other options as T-bills yields lose steam Car-rental firm Charlotte Vehicle allegedly owes about S$140,000 to 34 customers Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry