Anysphere, the maker of AI coding assistant Cursor, has raised $900 million at a $9.9 billion valuation, Bloomberg reported. The spherical was led by returning investor Thrive Capital, with participation from Andreessen Horowitz, Accel, and DST International.
The large spherical is Anysphereβs third fundraise in lower than a yr. The three-year-old startup secured its earlier capital haul of $100 million at a pre-money valuation of $2.5 billion late final yr, as Trendster was first to report.Β
AI coding assistants, sometimes called βvibe coders,β have emerged as one in all AIβs hottest purposes, with Cursor main the class. Anysphereβs annualized income (ARR) has been doubling roughly each two months, an individual aware of the corporate advised Trendster. The corporate has surpassed $500 million in ARR, sources advised Bloomberg, a 60% improve from the $300 million we reported in mid-April.
Cursor presents builders tiered pricing. After a two-week free trial, the corporate converts customers into paying clients, who can go for both a $20 Professional providing or a $40 month-to-month enterprise subscription.
Till just lately, the vast majority of the corporateβs income got here from particular person consumer subscriptions, Bloomberg reported. Nevertheless, Anysphere is now providing enterprise licenses, permitting firms to buy the appliance for his or her groups at the next value level.
Earlier this yr, the corporate was approached by OpenAI and different potential consumers, however Anysphere turned down these presents. The ChatGPT maker purchased Windsurf, one other fast-growing AI assistant, reportedly for $3 billion.
