Anthropic Hits $47B Revenue Run Rate, Unprecedented Growth Says Menlo Ventures

TechCrunch AI · rss · 2026-07-22

Matt Murphy, partner at Menlo Ventures, shared insights on the current AI startup landscape, highlighting the explosive growth of Anthropic. Backed by Menlo's Series D, Anthropic's revenue run rate skyrocketed to $47 billion by May, a massive leap from $9 billion in early 2025.

Murphy noted that in his 25 years of investing—spanning the internet, mobile, and early cloud eras—he has never seen growth of this magnitude. This unprecedented momentum dictates that AI startup founders today must adopt entirely different strategies to succeed.

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