"Anysphere has raised $900 million, achieving a $9.9 billion valuation, making it one of the top players in the AI coding assistant industry."
"Sector leader Cursor's revenue is doubling every two months, recently surpassing $500 million in annualized revenue, reflecting strong user conversion and enterprise interest."
Anysphere, creator of AI coding assistant Cursor, successfully raised $900 million at a valuation of $9.9 billion led by Thrive Capital. This is Anysphere's third funding round within a year, following a $100 million raise at a $2.5 billion valuation. Cursor has seen impressive growth with its annualized revenue doubling every two months, recently exceeding $500 million. The company has expanded its revenue streams to include enterprise licenses while also attracting significant interest from potential buyers like OpenAI, which it declined.
Read at TechCrunch
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