Sources: Anthropic projects $850M+ in annualized revenue by 2024's end, or $70M+/month, an increase of over 8x from its monthly revenue around September 2023
3 months ago, that estimate was $500MM. And for the ongoing raise, Menlo is using an SPV with a fee for other investors to join. https://www.theinformation.com/ ... Stephen Loynd / @loyndsview : “The projection underscores the three-year-old startup's remarkable growth expectations and may offer more evidence that generative artificial intelligence is gaining steam among enterprises.” https://www.theinformation.com/ ... #AnthropicHardik Shah / @aistocksavvy : 📣 BREAKING: Anthropic Forecasts $850M+ Annual Revenue by 2024 $AMZN $GOOG $NVDA $TSLA $MSFT $AAPL Key Details: 📍 AI startup Anthropic projects over $850 million in annualized revenue by end of 2024. 📍 Company previously forecasted $500 million annualized revenue rate by end... [image] Maria Heeter / @heetermaria : Want in on cautious-OpenAI-rival Anthropic's $750M fundraise? Gotta pay a toll to VC @MenloVentures Menlo is raising $ from other investors for its investment into Anthropic—for a fee. ("How is Menlo putting $750M into Anthropic, their AI fund is $1.3B?" 👇 They're not, rlly) [image]
I got a lot of fair pushback on this post with examples like FTX and WeWork which also had over a $1B in revenue in their first few years but were VC funded scams not durable businesses. I think OpenAI and Anthropic are different for a simple reason …
People say generative AI is another VC hype bubble yet Anthropic is expecting to make $850 million in revenue which after 3 years of existence is more than Reddit's annual revenue after being in business for 18 years. There's gold in them thar hills.
A late Christmas present from @heetermaria & me 🎅 Anthropic is projecting $850MM+ in annualized revenue by the end of 2024—3 months ago, that estimate was $500MM. And for the ongoing raise, Menlo is using an SPV with a fee for other investors to join. https://www.theinformation.c…
“The projection underscores the three-year-old startup's remarkable growth expectations and may offer more evidence that generative artificial intelligence is gaining steam among enterprises.” https://www.theinformation.com/ ... #Anthropic
📣 BREAKING: Anthropic Forecasts $850M+ Annual Revenue by 2024 $AMZN $GOOG $NVDA $TSLA $MSFT $AAPL Key Details: 📍 AI startup Anthropic projects over $850 million in annualized revenue by end of 2024. 📍 Company previously forecasted $500 million annualized revenue rate by end... [i…
Want in on cautious-OpenAI-rival Anthropic's $750M fundraise? Gotta pay a toll to VC @MenloVentures Menlo is raising $ from other investors for its investment into Anthropic—for a fee. ("How is Menlo putting $750M into Anthropic, their AI fund is $1.3B?" 👇 They're not, rlly) [ima…