Anthropic Hits $3 Billion Annualized Revenue Milestone - 1

Photo by Towfiqu barbhuiya on Unsplash.

Anthropic Hits $3 Billion Annualized Revenue Milestone

  • Written by Andrea Miliani Former Tech News Expert
  • Fact-Checked by Sarah Frazier Former Content Manager

The AI Startup Anthropic is projected to generate $3 billion in annualized revenue this year. The company’s figures jumped from $1 billion to $3 billion in just five months, largely due to its strategic focus on business-to-business (B2B) deals.

In a rush? Here are the quick facts:

  • Reuters reports that Anthropic has tripled its annualized revenue in just five months this year.
  • Anthropic is emerging as one of the fastest-growing SaaS companies
  • The tech company is capitalizing on the rising AI demand by offering businesses AI-powered solutions, with a focus on code generation.

According to a Reuters exclusive , two anonymous sources familiar with the matter confirmed the remarkable growth Anthropic has experienced in the past few months. The AI company has focused on developing AI products—particularly in code generation—to serve other companies.

A few weeks ago, Anthropic launched its latest generation of AI models , Claude 4, and claimed to have developed the “world’s best coding model.”

Founded in 2021, Anthropic has tripled its sales this year, reaching its $3 billion milestone in May. Its revenue projections were around $1 billion in December 2024 and hit $2 billion by the end of March.

As part of its sales strategy, Anthropic has highlighted the increasing demand for AI tools in the enterprise sector, offering solutions through its Software-as-a-Service (SaaS) model with strong results.

“We’ve looked at the IPOs of over 200 public software companies, and this growth rate has never happened,” said Alex Clayton, Meritech General Partner, to Reuters.

While Anthropic also offers subscription based services—having recently introduced its $100 and $200 monthly plans —its rapid growth is still exotic in the Saas sector. Clayton compared it to Snowflake, a cloud base Saas that also experienced strong growth but it took it 6 quarters to go from $1 billion to $2 billion in annualized revenue.

Anthropic’s main competitor OpenAI—more widely adopted by users across the globe—has also reported significant revenue growth. OpenAI is expected to reach $12 billion in total revenue in 2025, after generating $3.7 billion in 2024.

Anthropic is currently valued at $61.4 billion, following a $3.5 billion funding deal earlier this year. OpenAI, on the other hand, reached a $300 billion valuation after a $40 billion investment deal led by SoftBank two months ago.

OpenAI and Anthropic’s extraordinary growth signals rising enterprise adoption of generative AI tools and the potential for B2B-focused AI companies to scale quickly.

Home-Services Industry Sees Gradual AI Integration - 2

Image by Joniec Plumbing, from Unsplash

Home-Services Industry Sees Gradual AI Integration

  • Written by Kiara Fabbri Former Tech News Writer
  • Fact-Checked by Sarah Frazier Former Content Manager

AI is changing how home repair works. Netic’s new platform helps plumbers and electricians predict needs, handle calls, and boost efficiency.

In a rush? Here are the quick facts:

  • Netic automates customer calls and bookings for plumbers and electricians.
  • The startup raised $20 million from Greylock and Founders Fund.
  • AI predicts service needs using weather, location, and property data.

The home-services sector is undergoing a digital transformation driven by artificial intelligence, as reported in an exclusive report by The Wall Street Journal (WSJ).

Netic launched its platform in 2024 from San Francisco to provide AI solutions for tradespeople, including plumbers and electricians, to manage bookings, schedule service calls, and boost sales performance.

WSJ reports that through Netic’s AI system, customers receive automated responses to their calls and messages, while the system identifies urgent tasks and recommends additional services before issues arise. It can proactively reach out to homeowners to suggest purchasing a new air conditioner before summer begins.

The AI uses weather data, location information, and property details to generate marketing campaigns that forecast maintenance needs.

According to Asheem Chandna, a venture capitalist at Greylock who led Netic’s seed funding round, home-services businesses often struggle with underutilized capacity—staff who aren’t deployed as efficiently as possible, as reported by WSJ. The aim of integrating AI, he explains, is to optimize the matching of technicians with customers when help is needed, and even anticipate demand before it arises.

WSJ notes that Netic secured $20 million in funding from top investors including Greylock and Founders Fund. The platform has started to attract private-equity-owned service companies together with larger independent operators.

Melisa Tokmak, founder and CEO of Netic, explained to WSJ that the system relies on different types of AI for specific functions, such as verifying customers and analyzing the urgency of service requests. The platform is designed to integrate smoothly with existing systems, reducing complexity for business owners.

Chris Hoffmann, CEO of HB Solutions Group in St. Louis, noted that AI has helped his company more effectively align technician availability with fluctuating daily customer demand—a task he described as particularly challenging, as reported by WSJ.

Still, only 20% of customer calls are currently handled by AI. “We’re still human first,” he added, as reported by WSJ. As AI grows smarter, it may quietly become the go-to assistant for your next home repair.