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Anysphere reportedly raises $100M for its AI-driven Cursor code editor - SiliconANGLE

Dec 20, 2024 - siliconangle.com
Anysphere Inc., the developer of the AI-driven Cursor code editor, has secured $100 million in new funding, raising its valuation to $2.4 billion from $400 million just four months ago. The funding round was led by Thrive Capital with participation from Andreessen Horowitz. The significant increase in valuation is attributed to Anysphere's rapid sales growth, with annualized recurring revenue reportedly increasing more than tenfold to $48 million between April and October. Cursor, based on Microsoft's VS Code, enhances coding efficiency with an AI assistant that aids in programming tasks, code navigation, and error correction. It integrates large language models from OpenAI and other providers to deliver these features.

The recent funding follows Anysphere's acquisition of Supermaven, an AI coding tool developer, and positions the company to potentially pursue further acquisitions and address competition from other coding assistant providers like Poolside Inc. and Magic AI Inc. Cursor's capabilities include generating code, ensuring compatibility with existing code, and accessing external resources to support developers. The tool's automation features aim to optimize developers' workflows, making it a competitive offering in the growing market of AI-powered coding assistants.

Key takeaways:

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  • Anysphere Inc. raised $100 million in funding, increasing its valuation to $2.4 billion, with Thrive Capital and Andreessen Horowitz as key investors.
  • The company's AI-driven code editor, Cursor, has seen rapid sales growth, with annualized recurring revenue growing more than tenfold to $48 million between April and October.
  • Cursor enhances the VS Code tool with AI features, including a chatbot interface for generating and modifying code, and automatic compatibility checks with existing code.
  • Anysphere's recent acquisition of Supermaven and the new funding could help it compete with other AI coding assistant providers like Poolside Inc. and Magic AI Inc.
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