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AI Startups: AI Coding Tool Maker Anysphere Raises a Blockbuster $900 Million

  • Anysphere, the maker of coding tool Cursor, raised $900 million in a new round of funding that values the company at $9 billion.
  • Thrive Capital led the funding round with participation from Andreessen Horowitz and Accel, marking a significant increase from the previous funding round where Anysphere raised $105 million.
  • Anysphere's growth is attributed to the rapid increase in annual recurring revenues, with Cursor allowing developers to use natural language to communicate with AI for coding tasks.
  • Despite acquisition interest from OpenAI, Anysphere decided not to sell as its revenue doubled every two months, while OpenAI acquired AI-powered code editor Windsurf for about $3 billion.

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