Menlo Ventures’ Matt Murphy explains why Anthropic is winning (and it’s not the model) | TechCrunch0

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• July 23, 2026

Anthropic jumped to a revenue rate of $47 billion in May, up from $9 billion in 2025. It’s the kind of growth 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 $500 million Series