Anysphere is part of a growing field of AI coding copilot startups, which aim to make software writing more efficient. The company's revenue and usage have been growing rapidly, and it is reportedly in the process of raising a new round of funding with a target valuation of $400 million.
Key takeaways:
- Anysphere, a startup that has developed an AI-powered coding assistant called Cursor, has raised over $60 million in a Series A financing at a $400 million post-money valuation.
- The funding round was co-led by Andreessen Horowitz and Thrive Capital, with participation from Patrick Collison, co-founder and CEO of Stripe.
- Anysphere was co-founded by Michael Truell, Sualeh Asif, Arvid Lunnemark and Aman Sanger while they were students at MIT. The company previously raised an $11 million seed round led by OpenAI Startup Fund.
- The company is part of a growing field of AI coding copilot startups, which aim to make software writing more efficient. This sector is attracting significant investor interest due to the high demand for more productive coding tools.