$71 billion in annualized revenue run rate.
That makes Anthropic bigger than McDonald's and Starbucks — combined.
Starbucks (Nasdaq: SBUX) did $37.2 billion last year. McDonald's (NYSE: MCD) did $26.9 billion. Add in Yum Brands (NYSE: YUM) — the parent of Taco Bell, KFC, and Pizza Hut — and you're roughly at Anthropic's level.
Starbucks has been around since 1971 with more than 40,000 stores. McDonald's traces back to the 1950s.
Anthropic was founded just five years ago. And the company is preparing for a trillion-dollar Initial Public Offering.
In the last year alone – the company’s revenue run rate has jumped from $5 billion to $71 billion, according to estimates from AI research platform Funda.
That’s a 1,320% increase in the last year.
Here’s how to invest – before IPO day.
The efficiency figures are just as striking. At $71 billion, Anthropic generates close to $13.5 million of revenue per employee — that’s well above Nvidia or the other big tech stocks.
Anthropic filed confidentially for its IPO on June 1.
That filing came a few weeks after raising $65 billion in a private Pre-IPO round at a $965 billion valuation.
Combined with OpenAI, the two labs are on track for about $120 billion in annualized revenue. Anthropic is roughly 60% of that, which implies around $49 billion for OpenAI — up sharply from the $25 billion figure reported earlier this year.
The upcoming release of the S-1 prospectus will provide more details on the actual financials – rather than projections and estimates.
The Anthropic IPO is targeting a $60 billion capital raise.
“Smart money” investors are already buying private shares. The latest Series H round was led by Altimeter and Sequoia Capital. Other notable investors included Blackstone, Fidelity, Jane Street, T. Rowe Price, and Amazon.
Don’t wait for Anthropic to trade on Nasdaq.
Ian Wyatt
Editor, IPO Watch