Anthropic (ANTHRO), an artificial intelligence startup backed by tech giants such as Amazon (NASDAQ:AMZN) and Google (NASDAQ:GOOG)(NASDAQ:GOOGL), is on pace to reach an internal goal of a $9B annualized revenue run rate by the end of 2025, according to Reuters.
Its goal for 2026 is even more ambitious. It has set a base case scenario of $20B in annualized revenue and a best case of $26B, the report said, citing people familiar with the issue. Its annual run rate surpassed $5B in August and is nearing $7B this month as its enterprise and business customer base explodes. It has more than 300,000 business and enterprise clients, accounting for approximately 80% of its revenue.
Anthropic creates the Claude family of large language models and is a direct competitor with Microsoft-backed (MSFT) OpenAI (OPENAI), which produces the GPT line of AI models. OpenAI, which is valued at about $500B, said its annualized revenue run rate hit $10B in June.
Anthropic’s latest funding round raked in $13B, propelling it to a $183B valuation.
“From Fortune 500 companies to AI-native startups, our customers rely on Anthropic’s frontier models and platform products for their most important, mission-critical work,” said Anthropic CFO Krishna Rao. “We are seeing exponential growth in demand across our entire customer base.”