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Anthropic Reports $17 Billion Quarterly Revenue Ahead of IPO

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Anthropic Reports $17 Billion Quarterly Revenue Ahead of IPO

Anthropic’s revenue reached $17 billion for the three months ended Sept. 30, the artificial intelligence company said in an amendment to its Form S-1 registration statement filed with the Securities and Exchange Commission Monday (Nov. 2).

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Anthropic said in the amendment that it launched Claude in the first quarter of 2023 and that its revenue growth since then demonstrates that “Claude has experienced the fastest enterprise adoption of any technology in history.”

Anthropic filed its initial Form S-1 on Oct. 26 in preparation for its proposed initial public offering. Monday’s amendment fills in some information that had been left blank.

Anthropic said in the amendment that as of Sept. 30, it has entered into purchase commitments and lease agreements totaling about $895.4 billion, almost all of which is related to compute and infrastructure, and that during the quarter ended Sept. 30, its revenue grew 1,127% year over year while its compute and infrastructure expenses grew 382%.

As in the original filing, Anthropic did not state the size or valuation of its listing in the amendment.

Multiple media reports said Monday that Anthropic is looking to raise $3.5 billion from investors in Japan as part of its initial public offering.

The AI company will use the new funding for working capital, operating expenses and capital expenditure, Reuters reported Monday, citing a regulatory filing.


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