Anysphere, the company behind the AI-enabled coding platform Cursor, has raised a $900 million investment led by Thrive Capital, Andreessen Horowitz (a16z), and Accel Ventures.
This investment has more than tripled the company's valuation to $9 billion.
Anysphere reached $100 million in annual recurring revenue (ARR) within 21 months of its inception, becoming the fastest-growing SaaS company ever.
Founded in 2022 by MIT students, Anysphere's Cursor positions itself as an extension of human engineers using AI and human ingenuity to outperform pure-AI systems and faces competition from other platforms in the 'vibe coding' space.