Business · 1h ago
Anthropic Hits $47B Run Rate, Menlo VC Says Growth Unprecedented
Anthropic reached a $47 billion revenue run rate by May, up from $9 billion in 2025. Menlo Ventures' Matt Murphy, who led Anthropic's $500M Series D, says he's never seen such growth in 25 years of investing. The surge outpaces internet, mobile, and cloud booms, driven by factors beyond the model itself.
Meridian48 take
The claim that Anthropic's success isn't about the model challenges AI hype, but the $47B run rate is unaudited and may reflect enterprise demand for safety-focused AI.
Read the full reporting
Menlo Ventures’ Matt Murphy explains why Anthropic is winning (and it’s not the model) →
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