
TechCrunch
Menlo Ventures’ Matt Murphy explains why Anthropic is winning (and it’s not the model)
Anthropic’s rapid ascent—achieving a $47 billion revenue run rate by May—represents unprecedented growth, according to Menlo Ventures’ Matt Murphy, who has observed 25 years of tech investment. Murphy, who led Menlo’s $500M Series D investment, notes this surpasses even the internet, mobile, and initial cloud booms. The key, he explains, isn't solely the model itself, but a deeper strategic advantage. For further insights into the broader AI landscape, explore our analysis of Google’s thriving cloud business.














































