Anthropic’s annualized revenue run rate reportedly surged to $65 billion by the end of July, underscoring booming enterprise demand for its Claude AI products as the company nears a potential blockbuster IPO.

Anthropic Revenue Soars Seven Times in a Year

The Claude maker shared the latest figure with investors over the weekend, CNBC reported on Monday, citing sources familiar with the matter.

The $65 billion run rate represents roughly a sevenfold increase from a year earlier and is up sharply from the $47 billion run rate Anthropic reported in May.

Anthropic also reported preliminary second-quarter revenue of $11.5 billion, marking a roughly 14-fold increase from the same period a year earlier, according to the report.

Anthropic did not immediately respond to Benzinga’s request for comment.

Claude Enterprise Demand Fuels Growth

Anthropic’s rapid expansion has been driven largely by growing demand from businesses using Claude for coding, research, automation and other enterprise applications.

The company’s latest run rate also puts it ahead of rival OpenAI, whose annualized revenue reached about $40 billion.

Anthropic Prepares For Potential IPO

The revenue surge comes as Anthropic prepares for a possible public-market debut.

The company confidentially submitted a draft S-1 registration statement to the Securities and Exchange Commission in June, saying the filing gives it the option to go public depending on market conditions.

Anthropic was valued at $965 billion in its latest major funding round, raising the stakes for its IPO ambitions.

However, the company still faces regulatory and government-related challenges, including its disputes over the use and export of its AI models.

Last week, it was reported that Anthropic projects $190 billion to $200 billion in revenue by 2028.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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