Anthropic has disrupted the AI market, closing a massive $30 billion Series G funding round in mid-February that pushed its post-money valuation to $380 billion—a figure now surpassing legacy giants like Boeing and Netflix. Industry estimates place Boeing’s market capitalization at roughly $180–$190 billion and Netflix’s at around $330–$335 billion. It is worth noting that Anthropic’s reported $380 billion figure represents a private valuation, which exceeds the current public market capitalizations of Boeing and Netflix.
Anthropic has officially entered rarefied territory—and what should truly boggle minds is the speed of its scale. Founded in 2021 by former OpenAI researchers led by Dario Amodei, the company is just five years old, yet it is already approaching the valuation of its fiercest rival, OpenAI, which was founded in 2015.
According to recent industry estimates, Anthropic is generating an annualized revenue run-rate of around $14 billion, implying a valuation multiple of roughly 27× revenue. OpenAI, meanwhile, is believed to be producing higher topline revenue but is also grappling with significantly heavier operating costs driven by infrastructure and compute spending.
Is Anthropic more dependable for market specialists than OpenAI?
Claude, Anthropic’s flagship model, has gained rapid traction among large organizations, and Anthropic has focused heavily on integrations across major cloud providers, positioning itself as foundational AI plumbing for businesses rather than a mass-market app.
The strategy appears to be working as the Series G round was led by Singapore’s sovereign wealth fund GIC alongside Coatue, with participation from strategic players including Microsoft and NVIDIA.
Meanwhile, OpenAI has a more consumer-oriented path, fuelled by ChatGPT’s massive global user base. Although its flagship model has brought significant visibility to the company, OpenAI has burned significant capital on scaling, computation, and distribution.
However, one foremost valuation specialist, Aswath Damodaran, suggested that he would pick Anthropic’s stock over its fiercest rival, if both go public, owing to the leadership ego that could ultimately influence long-term investor returns.
“I think I would pick Anthropic purely based on the ego of the people running the company,” Damodaran said, adding, “This is a space where if you have smart, egotistical people running the company, you are in danger. Because they are going to overplay their cards.”
He further stated that he wouldn’t bet his money on OpenAI as he did not believe that the company would be able to adapt to changing circumstances as effectively as Anthropic.
Related: Anthropic’s Stock over OpenAI’s? Valuation Guru Says Leadership Ego Will Decide AI IPO Winners
“With Sam Altman, my feeling is, he might be a smart guy, he might have a good set of cards, but he is always going to overplay those cards because he believes that his cards are better than they truly are,” he further stated.
Whether Anthropic can sustain its momentum remains to be seen. But the message from investors is that enterprise infrastructure is no longer playing second fiddle to consumer products—and a five-year-old startup just proved it by overtaking Boeing and Netflix on valuation alone.
Also Read: Sam Altman Bets Big on India as Next AI Powerhouse Banking on the Country’s Adoption Potential
