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Anthropic aims to nearly triple annualized revenue in 2026 amid surging enterprise AI demand

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Artificial intelligence startup Anthropic is targeting an ambitious leap in revenue, projecting to more than double—and potentially nearly triple—its annualized revenue run rate in 2026, according to sources familiar with the company’s internal forecasts.

The San Francisco-based firm expects to hit an annualized revenue run rate of $9 billion by the end of 2025, and has set 2026 goals ranging from $20 billion to $26 billion, driven by rapid adoption of its enterprise-focused AI products. Anthropic confirmed to Reuters that its current revenue run rate is approaching $7 billion, up from $5 billion in August, though it declined to comment on future projections.

The growth underscores the accelerating demand for generative AI tools across industries, even as questions arise over the sustainability of massive AI infrastructure investments. About 80% of Anthropic’s revenue now comes from its 300,000 enterprise customers, who use its Claude models for software integration, data analysis, and automation.

One major contributor has been Claude Code, Anthropic’s AI-powered programming assistant, which has already reached a $1 billion annualized run rate since launching earlier this year. The company also recently introduced its Haiku 4.5 model — a low-cost AI system aimed at making enterprise AI more accessible.

Anthropic’s growth trajectory puts it in direct competition with OpenAI, whose revenue surpassed $13 billion in August and is expected to exceed $20 billion by year’s end. Founded in 2021 by former OpenAI employees, Anthropic has been valued at $183 billion following a $13 billion funding round led by ICONIQ.

Backed by Amazon and Google, the company plans to open its first India office in Bengaluru in 2026 and significantly expand its workforce to meet surging global demand for enterprise AI solutions.

ElevenLabs Staff to Sell Shares at $6.6 Billion Valuation

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ElevenLabs, the fast-growing voice cloning AI startup, is allowing employees to sell shares at a $6.6 billion valuation, double its January 2024 value of $3.3 billion, according to Bloomberg News. The move highlights the ongoing competition among AI firms to retain top talent by offering stock liquidity.

The tender offer will enable staff who have worked at the company for at least a year to sell up to $100 million worth of shares, giving them an opportunity to cash out while allowing investors to boost stakes. Sequoia Capital and Iconiq are leading the deal, joined by Andreessen Horowitz and other backers.

Founded by Piotr Dabkowski (ex-Google) and Mati Staniszewski (ex-Palantir), ElevenLabs has seen explosive growth. Its headcount jumped from 77 employees to 331 in a year, while annualized recurring revenue surged from $100 million in October 2024 to $200 million in mid-2025. The company aims to hit $300 million by year-end.

The valuation leap puts ElevenLabs among the most valuable AI startups in the world. It comes as OpenAI also explores an employee stock sale that could value it at $500 billion, underscoring how AI’s growth is reshaping private markets.

AI Accounting Startup Rillet Raises $70 Million in Andreessen Horowitz, ICONIQ-led Funding Round

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Rillet, an AI-driven accounting software startup, announced it has secured $70 million in a Series B funding round co-led by venture capital giants Andreessen Horowitz and ICONIQ. The new capital round values the company at approximately $500 million, according to sources close to the deal.

This latest round also included participation from Sequoia Capital, Oak HC/FT, and FOG Ventures, bringing Rillet’s total funding to over $100 million within a few months. Founded by Nicolas Kopp, the former U.S. head of digital bank N26, Rillet aims to disrupt traditional accounting tools dominated by Oracle and Microsoft by offering AI-powered ledger software that automates accounting tasks and delivers real-time insights.

Rillet’s platform integrates with systems such as Salesforce, Stripe, and Brex, allowing finance teams to close books within hours instead of weeks. The startup has already attracted over 200 customers, including AI-assisted coding platform Windsurf and e-commerce marketing company Postscript.

The company reported doubling its annual recurring revenue in just 12 weeks and has formed partnerships with accounting firms like Armanino and Wiss. The fresh funding will accelerate platform development and expand the engineering team.

As part of the funding round, Andreessen Horowitz’s Alex Rampell and ICONIQ’s Seth Pierrepont will join Rillet’s board of directors.