Anthropic's growth rate is accelerating at $14 billion of scale.

The chart is on a log scale. A straight line on log means constant percentage growth. The curve above is bending up.

Dec 2022 to Jan 2025 was 10x per year, twice. Dec 2025 to May 2026 was 5x in five months. The annualized rate at $14B exceeds the rate at $1B.

That isn't supposed to happen. Percentage growth decays as software companies scale. The largest software businesses have never sustained 50%+ YoY at $10B+ ARR, let alone accelerated.

Slack held the record for fastest SaaS company to $1B ARR. It took five years. Anthropic went from $1B to $44B in seventeen months.

Salesforce did $37.9B in revenue across all of fiscal 2025. Anthropic's run rate now exceeds Salesforce. Salesforce was founded in 1999.

The most aggressive analyst projection from August 2025 had Anthropic hitting $30B ARR by August 2026. They beat the bull case by four months.

The acceleration is Claude Code. Launched May 2025. $2.5B in run-rate revenue by February 2026. Weekly active users doubled since January.

Enterprise customers spending over $1M per year went from 500 to 1,000 in two months. That's where the curve comes from. The check size is compounding. The user count is secondary.

The last ninety days added more ARR than the entire seventeen-month climb to $14B.

There is no comparable curve in software history.