Anthropic’s $47B revenue run rate driven by factors beyond model quality, says investor
5 reported
According to a TechCrunch podcast interview, Menlo Ventures partner Matt Murphy stated that Anthropic reached a $47 billion revenue run rate by May, up from $9 billion in 2025. Murphy, who led Menlo's $500 million Series D investment in Anthropic, said he has never seen such growth in his 25 years of investing, including during the internet, mobile, and first cloud booms. He explained that the company's success is not primarily due to its model quality. The interview was part of TechCrunch's Equity podcast, hosted by Julie Bort.
What’s reported
Anthropic reached a $47 billion revenue run rate by May, compared to $9 billion in 2025.
Menlo Ventures led Anthropic's $500 million Series D investment.
Matt Murphy said he has never seen such growth in 25 years of investing.
Murphy stated that a great model was never the point of Anthropic's success.
The information comes from a single-source TechCrunch podcast interview.
Key figures
Matt Murphy, partner at Menlo Ventures
Julie Bort, host of TechCrunch's Equity podcast
Sources: TechCrunch
