Anysphere, the creator of the AI coding assistant Cursor, has raised $900 million at a $9.9 billion valuation, with Thrive Capital leading the investment round. This marks the third fundraising effort for the three-year-old startup in less than a year, following a $100 million raise at a $2.5 billion valuation late last year. Anysphere's Cursor, a leading AI coding assistant, has seen its annualized revenue double approximately every two months, reaching over $500 million. The company offers tiered pricing for its services, with options for individual and enterprise subscriptions.
The majority of Anysphere's revenue initially came from individual subscriptions, but the company has recently expanded to offer enterprise licenses. Despite interest from potential buyers, including OpenAI, Anysphere has chosen to remain independent. The AI coding assistant market, with Cursor at the forefront, continues to grow rapidly, highlighting the increasing demand for AI-driven development tools.
Key takeaways:
Anysphere raised $900 million at a $9.9 billion valuation, led by Thrive Capital with participation from Andreessen Horowitz, Accel, and DST Global.
Anysphere's annualized revenue has surpassed $500 million, doubling approximately every two months.
Cursor, Anysphere's AI coding assistant, offers tiered pricing with a $20 pro-offering and a $40 monthly business subscription.
Anysphere has started offering enterprise licenses, allowing companies to purchase the application for their teams at a higher price point.
