Anthropic's S-1 filing shows it is building a cross-product ecosystem, similar to Amazon and Uber, to keep enterprise customers engaged. More than half of customers spending at least $100,000 a year now use both the Claude platform and a first-party app such as Claude Code or Cowork, up from about 30% at the end of last year. As of September 30, Anthropic had more than 11,900 customers spending at least $100,000, over 1,900 spending more than $1 million, and about 250 spending $10 million or more annually, with net revenue retention of about 900%. The company attributes this growth to customers expanding usage as they deploy Claude across their organizations. The filing also says that in the third quarter, the top 5% of Claude Enterprise customers using Claude Code spent about 20 times as much per month as average enterprise users who did not use the tool.
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