Anthropic builds the Claude family of AI models and sells them to businesses, software developers, and consumers, with research on making AI safe and understandable at the center of its work. In 2024 it introduced the Model Context Protocol, an open standard for connecting AI assistants to outside apps and data that OpenAI and Google adopted the next year. People use the Claude app to write and analyze files, programmers hand coding tasks to Claude Code, and companies build Claude into their own products through its API. Anthropic earns money from subscriptions, business plans, and usage-based API fees. Siblings Dario and Daniela Amodei founded Anthropic in 2021 with other former OpenAI employees, and it is based in San Francisco.
Company Size
5,001-10,000
Company Stage
N/A
Total Funding
$224.8B
Headquarters
San Francisco, California
Founded
2021
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Anthropic has signed a lease with EverWind for data center capacity at Point Tupper, Nova Scotia. It is the company's first such agreement in Canada, said Jacob Glick, Anthropic's Canada public policy head. EverWind, a Canadian developer of green energy projects, plans to invest more than C$10 billion ($7.05 billion) in the data center campus and related wind power projects. It has promoted the Cape Breton port area as a future clean fuel hub. Glick said Anthropic would protect ratepayers and water resources while ensuring local communities benefit.
Replit is no longer working with Anthropic, chief executive officer and co-founder Amjad Masad said Thursday at TechCrunch Disrupt. He cited cost, partnership and performance. "I think ChatGPT is better now," Masad said, adding that Replit's internal and public benchmarks show Sol and Astra build vibe-coded applications from scratch more effectively. Replit announced a partnership with OpenAI in August. An unnamed person familiar with the matter said the Anthropic partnership was still in place. A September blog post cited Anthropic's Claude models as running in Replit Agent's production environment. Masad said enterprise contracts made up about 15% of revenue this year, up from 2% last year. More than 50% of revenue is B2B.
Anthropic received a double B plus issuer rating from Kroll Bond Rating Agency (KBRA) in June, the highest speculative-grade score and one notch below investment grade. The rating came before a $35bn chip financing led by Apollo, according to documents seen by the FT. Investment grade would lower the AI startup's borrowing costs and open it to investors such as pension funds and life insurers. Anthropic expects to spend more than $500bn on computing and infrastructure over the next decade. KBRA used a "risk score" because Anthropic withheld metrics including free cash flow. About $4.4bn of junior debt in the package carries Anthropic's credit risk and was sold at a yield of about 8.5%. Banks are now assembling a $60bn deal for more custom AI chips.
Claude's AI stock portfolio holds 14.5% of its assets in EMCOR Group (NYSE:EME), its largest position. The portfolio is up 28.4% since late November 2025, against 15.3% for the S&P 500, according to the investing app Rallies. EMCOR installs power systems, backup generators, and cooling networks for data centres. Revenue rose 19.7% in the first quarter of 2026, with organic growth of 16.8%. The stock trades at a forward P/E of 24, against 19.1 for the S&P 500. Analysts expect earnings per share to rise 27% in 2026 and about 12% in 2027. Risks include order pauses, cost overruns, and slowing growth. The dividend yield is just 0.18%.
CNBC's Jim Cramer says AI and data center stocks are under panic selling, as investors fear there is not enough money to fund the build-out. Anthropic's earnings fell short of expectations, though he noted its $100 billion annualised run-rate is hardly disappointing. Debt worries at thinly capitalised companies such as CoreWeave added to the fear. Nvidia chief executive officer Jensen Huang said on Thursday that CoreWeave is fine and its cost of capital is falling, which lifted tech stocks for the day. New Federal Reserve chairman Kevin Warsh may push short-term rates to 5.5% or 6% to bring inflation to 2%. They now stand at 3.75% to 4% after last month's hike, the first in three years. Cramer's investing club holds 12% in cash. It took profits in Cardinal Health, bought more Bank of New York, and favours high-quality stocks with strong balance sheets.