Menlo Ventures’ Matt Murphy explains what AI startups founders must do differently
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Anthropic leaped to a $47 billion revenue run rate by May, compared to $9 billion in 2025. It’s the kind of growth that Menlo Ventures’ Matt Murphy says he’s never seen in 25 years of investing, not in the internet wave, not in mobile, not in the first cloud boom. Menlo led Anthropic’s $500M Series D, and Murphy has had a front-row seat as the company went from a pre-revenue, …
1Key Takeaways
- Anthropic leaped to a $47 billion revenue run rate by May, compared to $9 billion in 2025.
- It’s the kind of growth that Menlo Ventures’ Matt Murphy says he’s never seen in 25 years of investing, not in the internet wave, not in mobile, not in the first cloud boom.
- Menlo led Anthropic’s $500M Series D, and Murphy has had a front-row seat as the company went from a pre-revenue, ….
2AIWedia Score
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3Why it matters
Funding rounds show which AI bets investors back—and which categories may scale quickly. TechCrunch Venture reports that anthropic leaped to a $47 billion revenue run rate by May, compared to $9 billion in 2025.
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