Anthropic's Slower Revenue Growth Tests Investor Confidence Ahead of Potential IPO

Anthropic's rapid expansion is hitting a ceiling as the AI firm prepares to go public, with prospective investors expressing concerns about the company's ability to sustain its valuation target. At a meeting with potential IPO backers on October 14 in San Francisco, the Claude maker revealed that third-quarter revenue reached $16.8 billion, up 45% from the previous quarter. While the figures are substantial, the pace of growth has decelerated markedly from earlier in 2026, when revenue more than doubled between the first and second quarters. The announcement has forced some investors to reconsider the company's asking price.