OpenAI soaring $1.6B ARR

Dec 31, 2023

Happy New Year, my friends. Here are today’s Top signals:

The trending OpenAI is soaring $1.6B ARR.
OpenAI’s competitor Anthropic at $100M ARR.
1 startup nearing $1M ARR.

Trending Signal

OpenAI has achieved over $1.6 billion in revenue for the year 2023, a significant increase from the $1.3 billion projected in October 2023. Projects to $5 billion by 2024, potentially marking a growth of over 200%.
The company's revenue growth is remarkable, especially considering that its total revenue for the entire year of 2022 was just $28 million.
This revenue growth occurred amid some internal drama at OpenAI. Despite this, OpenAI's customers appear to have largely shrugged off the internal issues, as evidenced by the company's continued strong revenue growth.

Anthropic projects generate over $850 million in annualized revenue by the end of 2024, a significant increase from the $500 million reported three months prior.
It is said Anthropic have an ARR of 100M at the end of 2023.
As of February 2023, Anthropic's estimated annual revenue is $36 million, and the company employs 239 people.

Testimonial.to is a website that allows users to collect and display testimonials from their customers.
From the founder, testimonial grew by 92.3% in its third year, at more than $76K MRR, nearing $1M ARR.
It has an 85%-90% trial-to-conversion rate and a 2%-3% monthly churn rate.