Anthropic’s Revenue Run Rate Surpasses $9B Amid $20B+ Funding Round - ANTH

Anthropic PBC's annualized revenue run rate exceeded $9 billion by the end of 2025, more than double its $4 billion rate from July 2025, as major investors including Coatue Management, GIC, and Iconiq Capital commit over $10 billion in a heavily oversubscribed round. Coatue and Singapore’s GIC are leading with approximately $1.5 billion each, while Iconiq plans to invest at least $1 billion. Lightspeed Venture Partners and Menlo Ventures are also participating. Combined with prior commitments of $15 billion from Microsoft Corp. and Nvidia Corp., total funding could surpass $20 billion. Despite being customers of Microsoft and Nvidia, Anthropic has drawn scrutiny over "circular" AI deals where suppliers double as investors. The company’s AI model, Claude Sonnet 4.5, launched in September 2025, offers advanced coding capabilities and autonomous task execution. Anthropic plans to invest $50 billion in U.S. data centers amid surging AI infrastructure costs, which may exceed $3 trillion globally over the next five years.