Anysphere, the company behind the AI coding assistant Cursor, has secured $900 million in a funding round, catapulting its valuation to an extraordinary $9.9 billion. This marks a meaningful milestone for the rising tech firm,with the primarykeyword AI coding assistant driving remarkable growth. Anysphere’s annual recurring revenue (ARR) has skyrocketed past $500 million, signaling strong market adoption and demand. The secondarykeyword enterprise licenses will fuel further expansion. This latest infusion of capital follows two previous rounds. The company’s meteoric rise underscores the increasing demand for advanced AI tools. Find this and many other technology stories in News Directory 3. Discover what’s next for Anysphere and Cursor.
Anysphere Raises $900M for AI Coding Assistant Cursor
Anysphere, the developer of the AI coding assistant Cursor, has successfully raised $900 million in a funding round that values the company at $9.9 billion. Thrive Capital led the round, with participation from Andreessen Horowitz, Accel, and DST Global.
This latest funding marks Anysphere’s third capital raise in under a year. Late last year, the company secured $100 million at a $2.5 billion valuation.
Cursor, an AI coding assistant, has become a popular tool for developers. Anysphere’s annual recurring revenue (ARR) has been doubling roughly every two months. The company’s ARR has surpassed $500 million, a 60% increase from mid-April.
Cursor offers tiered pricing for developers, including a two-week free trial. After the trial, users can choose between a $20 pro subscription or a $40 monthly business subscription.
While individual user subscriptions initially drove revenue, Anysphere now offers enterprise licenses, enabling companies to purchase the AI tool for their teams at a higher price.
Earlier this year, Anysphere declined acquisition offers from OpenAI and other potential buyers. OpenAI instead acquired Windsurf, another AI assistant, for a reported $3 billion.
What’s next
With the new funding, Anysphere is expected to further develop Cursor and expand it’s enterprise offerings, solidifying its position in the competitive AI coding assistant market.
