Anthropic’s growth just hit a new gear. The Claude maker’s annualized revenue reached $65 billion. That milestone landed at the end of July. It marks a sevenfold jump from a year ago, according to TechCrunch.
From $9 Billion to $65 Billion
Last year, Anthropic’s run rate sat near $9 billion. By May, it had climbed to $47 billion. Two months later, it hit $65 billion. Bloomberg first reported the figures, per TechCrunch.
Second-quarter revenue alone reached $11.5 billion. That is a 14-fold jump from a year earlier, according to Barchart. Anthropic shared these numbers directly with investors.
The pace of the jump has surprised many observers. Few software companies grow this fast. Analysts note that enterprise contracts are driving most of it.
An IPO Is Coming
The company has filed confidential paperwork for a public listing. It could beat OpenAI to market. Anthropic may debut as soon as this fall, TechCrunch reported.
Investors expect the growth pace to hold. Full-year revenue could land between $100 billion and $120 billion. That estimate comes from the Financial Times, cited by TechCrunch.
A public valuation could reach $2 trillion or more. That would make it the largest market debut ever recorded. Anthropic was last valued at $965 billion in May, after raising $65 billion in a single round.
That funding round itself was massive. Few private companies have raised that much capital at once. It reflects investor confidence in Anthropic’s trajectory.
OpenAI’s Growth Looks Slower By Comparison
Rival OpenAI has also grown quickly this year. Its revenue doubled to $40 billion. That is up from $20 billion at the end of 2025, per Bloomberg’s reporting.
Still, Anthropic’s acceleration has drawn more investor attention. The two firms may calculate revenue differently. But the growth curve gap is striking analysts.
Enterprise demand for Claude is driving much of this surge. Businesses are adopting AI tools at scale. That trend echoes coverage on infofina.com about Anthropic’s earlier valuation milestones.
Why It Matters
This IPO would test investor appetite for AI valuations. Some analysts already question whether an AI bubble is forming. A $2 trillion debut would be a major signal either way.
Meanwhile, the broader AI infrastructure market keeps consolidating. Stripe recently agreed to acquire AI model router OpenRouter for over $7 billion. That deal shows how fast capital is flowing into AI plumbing.
Anthropic still faces regulatory questions. Export rules and government scrutiny remain unresolved issues. But for now, its revenue trajectory keeps beating expectations.
The coming months will show whether markets agree. An IPO filing could arrive within weeks. Investors and competitors alike are watching closely.