Key facts
- Mercor crossed $2 billion in gross annualized revenue in June.
- Anthropic reported a revenue run rate surpassing $47 billion in late May.
- Sierra added $100 million in ARR in two quarters.
- Glean announced crossing $300 million in ARR in May.
- Gusto surpassed $1 billion in trailing 12-month revenue.
- Clio announced its ARR reached $500 million.
Several AI startups are reporting significant acceleration in their revenue growth, achieving new financial milestones at an increasing pace. Mercor announced crossing $2 billion in gross annualized revenue in June, just four months after reaching the $1 billion mark. Anthropic, a prominent AI model maker, reported its revenue run rate surpassed $47 billion in late May, a substantial increase from over $30 billion less than two months prior. Sierra, which develops AI customer service agents, added another $100 million in ARR in two quarters, a feat achieved after taking seven quarters to reach its initial $100 million ARR. Glean, an enterprise AI startup, announced in May that it had crossed $300 million in ARR, growing from $200 million to $300 million in six months. The HR tech startup Gusto reported accelerated revenue in each of the last five quarters, surpassing $1 billion in trailing 12-month revenue. Clio, a provider of legal practice management software, announced its ARR reached $500 million, having doubled its ARR to $200 million by late last year.