Anthropic Projects $70 Billion Revenue by 2028, Eyes $400 Billion Valuation

Nov 06, 2025
TechCrunch
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Summary

Anthropic projects explosive growth to $70 billion revenue by 2028 and seeks $300-400 billion valuation as its Claude AI products drive rapid business adoption, with Claude Code alone approaching $1 billion in annual revenue.

Key Points

  • Anthropic projects $70 billion in revenue and $17 billion in cash flow by 2028, driven by rapid adoption of its business products and aggressive B2B strategy
  • The AI company expects to reach $9 billion in annual recurring revenue by end of 2025 and targets $20-26 billion ARR for 2026, with Claude Code nearing $1 billion in annualized revenue
  • Anthropic plans to leverage its growth projections to raise additional funding at a potential valuation of $300-400 billion, up from its current $170 billion valuation

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