Anthropic Files for IPO, Signals Limited Competition With App-Layer Startups

Figures in a US filing cited by Tech.eu show Anthropic recorded losses of $80.8bn in the first half of the year, against $13bn in losses in the same period of 2025. Revenue reached $16.3bn in the first half, up from $1.2bn a year earlier. The company, founded five years ago, was valued at $965bn in its most recent private funding round in May.

In the filing, Anthropic noted the breadth of its customer base, stating that no single customer accounted for more than 10 per cent of its revenue for the nine months ended 30 September 2026. It also cautioned that a significant share of its customers are startups and technology-focused enterprises that could cut or postpone spending during an economic downturn.

Engadget reported that the company may be valued as high as $2 trillion.

The AI developer behind Claude submitted its S-1 to the SEC, targeting a Nasdaq listing under the ticker ANT as early as mid-November.