Anthropic Revenue Pace Nears $5 Billion in Run-Up to Mega Round

This year’s torrid deal-making pace is definitely not taking a pause for summer. On Wednesday, I reported that OpenAI is months ahead of schedule in raising money for its $40 billion megaround. 

Investors are pouring in money at a moment when OpenAI is generating $12 billion in annualized revenue and hitting 700 million weekly active users for its ChatGPT products, including both consumers and business customers. 

Investors are also keen to invest in Anthropic, as the company seeks to close its round in a matter of weeks. The company initially sought to raise $3 billion, but due to investor interest, it may raise as much as $5 billion at a $170 billion valuation in a round led by Iconiq Capital, according to a person who has spoken to company executives.