Key Points
- Anthropic’s annual revenue has reached $3 billion, up from $1 billion as of December 2024.
- Enterprise demand, particularly for AI-powered code generation, is driving the growth of this market.
- OpenAI projects over $12 billion in revenue for 2025, mostly from consumer subscriptions.
- Alphabet and Amazon are backing Anthropic, which recently raised $3.5 billion, bringing its valuation to $61.4 billion.
Artificial intelligence startup Anthropic has reached an estimated $3 billion in annualized revenue, according to two sources familiar with the company’s performance. This marks a rapid rise from just $1 billion in December 2024 to $2 billion by the end of March, highlighting the accelerating business demand for generative AI tools.
Unlike OpenAI’s strong consumer-facing presence with ChatGPT, Anthropic’s growth is largely enterprise-driven, fueled by selling its advanced AI models as a service to companies. A major factor behind this revenue surge is the rising demand for AI-powered code generation, where Anthropic’s models have gained significant traction. The company, based in San Francisco and backed by tech giants Alphabet and Amazon, has gained recognition for its expertise in programming and development tools.
This extraordinary growth places Anthropic among the fastest-growing software-as-a-service (SaaS) companies. According to Alex Clayton, General Partner at Meritech Capital, who is not an investor in the company, Anthropic’s quarter-over-quarter performance exceeds the historical growth rates of over 200 public SaaS firms. While some revenue comes from consumer subscriptions to its Claude chatbot, the company’s enterprise business remains its primary source of revenue.
In comparison, OpenAI is projecting over $12 billion in total revenue for 2025, up from $3.7 billion in 2024. However, OpenAI’s growth is more consumer-oriented, with the majority of its revenue coming from ChatGPT subscriptions. The enterprise side, while growing, remains secondary. OpenAI’s ChatGPT Enterprise product reached 3 million paying seats by May, up from 2 million in February, with clients including T-Mobile and Morgan Stanley.
Anthropic’s Claude chatbot, although technically sophisticated, has seen limited consumer traction, capturing only about 2% of ChatGPT’s web traffic in April, according to Similarweb. Founded in 2021 by former OpenAI researchers, Anthropic recently raised $3.5 billion, valuing it at $61.4 billion, compared to OpenAI’s staggering $300 billion valuation.
