Anysphere's valuation has seen a significant increase from $400 million just four months ago when it raised a $60 million Series A. The company was co-founded in 2022 by four MIT students and has since graduated from OpenAI’s accelerator program, becoming its most prominent graduate. The company's success has led to speculation that coding assistant tools like Cursor could reduce the need for startups to hire software developers.
Key takeaways:
- Anysphere, the developer of AI-powered coding assistant Cursor, has seen its revenue grow from $4 million annualized recurring revenue (ARR) in April to $4 million a month as of last month.
- The company has received unsolicited offers valuing it at as much as $2.5 billion from investors including Benchmark, Index Ventures, Andreessen Horowitz and Thrive.
- Interest in Anysphere has grown rapidly, with its valuation rising from $1.5 billion to $2.5 billion in just one week, compared to a $400 million valuation four months ago.
- Anysphere was co-founded in 2022 by four MIT students and is a prominent graduate of OpenAI’s accelerator program. It has raised funds from notable investors including Andreessen Horowitz, Thrive, and Stripe co-founder Patrick Collison.