Bloomberg reported on August 18, 2026, that Anthropic plans to give Chief Executive Dario Amodei and co-founders shares with extra voting power before the company's public listing, despite Amodei holding roughly 2% of the company. The move comes as Anthropic prepares what could be one of the largest IPOs in US technology history, targeting a size Bloomberg reported the company hopes will match or exceed SpaceX's record offering. The backdrop is a revenue surge that ran from $9 billion in annualized receipts at end-2025 to $47 billion by May 2026.
A revenue run with few precedents
Dario Amodei told CNBC on May 6, 2026, that Anthropic had planned for 10-times growth in the first quarter but instead saw an 80-fold increase in annualized revenue, a rate he described as "just crazy" and "too hard to handle." At the end of 2025, Anthropic's annualized revenue stood at roughly $9 billion. By April 2026, the run rate had reached $30 billion. By the time the company announced its Series H on May 28, it had crossed $47 billion. (CNBC, May 6, 2026)
The growth is almost entirely enterprise-driven. Fortune reported on May 8, 2026, that more than 300,000 businesses now use Claude tools, and enterprise accounts for roughly 80% of Anthropic's total sales. Claude Code, the company's developer automation product, had already reached close to $1 billion in annualized revenue after launching earlier in 2026. To manage the demand spike, Anthropic began renting compute capacity from xAI's Colossus cluster in Memphis, which Fortune noted reflected how rapidly the company's infrastructure needs were outpacing its owned capacity. (Fortune, May 8, 2026)
The product line expanded further on June 30, when Anthropic launched Claude Science, a version of Claude aimed at researchers and the pharmaceutical industry, adding a life sciences revenue category to the existing enterprise and developer lines. (STAT News, June 30, 2026)
Three months, a near-tripling in valuation
Anthropic closed its Series G in February 2026 at a post-money valuation of $380 billion. Three months later, on May 28, the company announced a Series H that raised $65 billion at a $965 billion post-money valuation, almost tripling the February figure in a single round. The deal was led by Altimeter Capital, Dragoneer, Greenoaks, and Sequoia Capital, each contributing more than $2 billion, and included $15 billion in previously committed investments, among them $5 billion from Amazon. (Bloomberg, May 28, 2026; Anthropic press release)