Anthropic told prospective investors at an October 14 pre-IPO meeting in San Francisco that third-quarter revenue rose 45% from the previous quarter to US$16.8 billion and that it was profitable on an adjusted basis, according to an attendee.

Revenue was US$4.7 billion in the first quarter and US$11.6 billion in the second, the attendee said.

The AI developer’s IPO was expected before OpenAI’s listing and likely after the US midterm elections in November.

Anthropic was valued at US$965 billion after it raised US$65 billion in May, after previously announcing it had raised US$30 billion at a US$380 billion post-money valuation.

Revenue in 2025 approached US$4.6 billion, while operating losses exceeded US$8 billion, excluding liability writedowns mostly tied to earlier fundraising.

Salesforce Ventures has backed Anthropic. Amazon’s partnership was cleared by the UK competition watchdog, and Brazil’s antitrust authority ruled the deal needed no review.

🔗 Source: Reuters

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