Business demand for artificial intelligence is on the rise, and Anthropic’s annualized revenue surge offers compelling proof of this very trend. According to several sources, the AI startup is making about $3 billion in annualized revenue, a significant jump from its $1 billion figure back in December 2024.
While the public has widely embraced OpenAI’s ChatGPT, enterprise adoption of generative AI remains cautious so far. However, Anthropic’s revenue figures demonstrate how this trend is slowly changing.
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Anthropic largely generates revenue from selling AI models as a service to other companies. Moreover, it is particularly famous for AI that excels at computer programming. As per a Reuters report, products in the so-called codegen space have been witnessing major growth and adoption in recent months, and are often found to be drawing on Anthropic’s models.
“We’ve looked at the IPOs of over 200 public software companies, and this growth rate has never happened.”
-Meritech General Partner Alex Clayton
OpenAI and Anthropic seem to be carving out different paths for themselves, with OpenAI choosing the path towards consumers while Anthropic leaning toward enterprise AI. OpenAI may be dominating in consumer adoption, but the latter is also rising in enterprise appeal.
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10. SoundHound AI, Inc. (NASDAQ:SOUN)
Number of Hedge Fund Holders: 18
On June 3rd, Northland analyst Michael Latimore reiterated a Market Perform rating on SoundHound AI, Inc. (NASDAQ:SOUN) with an $8.00 price target.
Analysts are optimistic about SoundHound AI’s long-term potential, particularly based on its goal to improve human-to-machine interactions and customer experiences. Its acquisition of conversational AI Company Amelia has been particularly helpful in reshaping its revenue profile and accelerating its expansion into the customer and employee service market.
60% of SoundHound’s revenue in the first quarter of 2025 is attributable to Amelia, leading to an impressive 101% year-over-year growth. The remaining revenue is estimated to come evenly from the restaurant and automotive sectors.
The analysts also highlighted SoundHound’s proprietary Voice AI platform, praised for its speed and accuracy in processing complex voice queries. Amelia integrates its software with enterprise IT systems, which helps to facilitate the adoption of virtual agents.
Analysts also pointed out that the management is optimistic about the second half of the year, anticipating significant growth backed by large Amelia software license deals and increased activity in the restaurant sector. As such, the company strives to return to pro forma organic growth by the third quarter and achieve positive EBITDA by the end of the year.
SoundHound AI, Inc. (NASDAQ:SOUN) is a voice artificial intelligence company offering voice AI solutions to businesses.
9. Informatica Inc. (NYSE:INFA)
Number of Hedge Fund Holders: 23
On June 3rd, Informatica Inc. (NYSE:INFA) announced new product innovations at Snowflake Summit, Snowflake’s annual user conference. The updates, including expansion of its support for Apache Iceberg, will allow joint customers to use both companies’ Generative AI (GenAI) technologies for building reliable and enterprise-level AI applications.
The company announced the general availability of new application integration capabilities for Snowflake Cortex AI. This includes new connectors for Cortex AI, Cortex Search, Cortex Analyst, and Cortex Agents, as well as simplified GenAI application creation and no-code development and deployment with Snowflake Cortex AI.
Informatica also announced that it is enhancing its Open Table Connector (Apache Iceberg) to support Apache Polaris. Scheduled for release in July 2025, the enhancement will allow loading data into Snowflake from over 300 sources using the Iceberg table format.
The company also announced the launch of its Master Data Management (MDM) SaaS Extension for the Snowflake AI Data Cloud. This will allow customers to consolidate master and transaction data across multiple sources, facilitating analytics and AI use cases.
“Informatica continues to be at the forefront of Generative AI and Apache Iceberg innovation with Snowflake enabling our joint customers to build for the future with a trusted, AI-ready data foundation. Today’s announcement underscores our relentless commitment to innovating and leading with Snowflake to deliver greater value for customers through deep product roadmap and partnership alignment.”
-Rik Tamm-Daniels, Group Vice President of Strategic Ecosystems and Technology at Informatica.
Informatica is a leader in enterprise AI-powered cloud data management.
