The company is expected to generate $200 million in revenue this year, a figure that is projected to double to $400 million by 2024. At the current run rate, a $30 billion valuation would imply a 150 times multiple for the company. This is significantly higher than the 90 times multiple expected for OpenAI, a competitor of Anthropic, which is considering a secondary sale of its employee shares at a valuation of between $80 billion and $90 billion.
Key takeaways:
- Anthropic, a generative AI firm, is in talks to raise $2 billion in fresh funds at a valuation between $20 billion and $30 billion, following a recent $1.25 billion investment from Amazon.
- The company, founded in 2021, constructs extensive language models and develops products on top of them, including its AI chatbot, Claude.
- Anthropic is expected to generate $200 million in revenue this year and double that to $400 million in 2024, implying a 150 times multiple at a $30 billion valuation.
- Competitor OpenAI is considering a secondary sale of its employee shares at a valuation between $80 billion and $90 billion, and expects to generate $1 billion in revenue this year, a 90 times multiple.