Anthropic's revenue run rate reportedly hit $47B by May, up from $9B

According to Menlo Ventures partner Matt Murphy, Anthropic's revenue run rate reached $47 billion by May 2026, compared to $9 billion in 2025. Murphy, whose firm led Anthropic's $500 million Series D, said the growth rate is unlike anything he's seen in 25 years of investing.

Why it matters: A roughly 5x revenue jump in under a year, if accurate, is steeper than the growth curves typically cited from prior tech booms like the early internet, mobile, or first cloud wave. Investor and founder framing of this growth is likely to shape valuation expectations and fundraising pitches across the broader AI startup market.