Menlo Ventures partner Matt Murphy discusses why Anthropic’s AI business is growing unusually fast and what that implies for AI startup founders. Across the coverage, Murphy highlights Anthropic’s jump to a roughly $47 billion annualized revenue run rate by May, compared with about $9 billion in 2025. He says that scale of growth is unprecedented in his 25 years of investing, contrasting it with major prior technology cycles including the internet wave, mobile, and the first cloud boom.
Murphy is described as having a close view of Anthropic’s trajectory because Menlo led the company’s $500 million Series D funding round. The articles frame his perspective as focused less on the underlying AI model itself and more on what founders should prioritize to reach similar momentum. While the excerpts do not detail specific tactics, they consistently point to Anthropic’s speed of revenue growth as the central case study and position Murphy’s remarks as guidance drawn from observing the company move from an early stage to large-scale commercial traction.
