AI投资圈都在聊Anthropic怎么赢的。Menlo Ventures合伙人用25年经验说增速史无前例，而且关键不在模型。想听内行分析，看这段视频。
Anthropic在2025年5月达到470亿美元年化收入运行率，对比2025全年90亿美元收入。Menlo Ventures合伙人Matt Murphy称这是他25年投资生涯中从未见过的增长速度，超过互联网、移动和云计算浪潮。Menlo领投了Anthropic的5亿美元D轮融资。Murphy指出Anthropic的成功并非仅靠模型优势。
Menlo Ventures’ Matt Murphy explains why Anthropic is winning (and it’s not the model)
Anthropic leaped to a $47 billion revenue run rate by May, compared to $9 billion in 2025. It’s the kind of growth that 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 $500M Series D, and Murphy has had a front-row seat as the company went from a pre-revenue, […]