Cursor’s Anysphere nabs $9.9B valuation, soars past $500M ARR

Anysphere, the maker of AI coding assistant Cursor, has raised $900 million at a $9.9 billion valuation, Bloomberg reported. The spherical was led by a returning investor Thrive Capital, with participation from Andreessen Horowitz, Accel and DST World.

The huge spherical is Anysphere’s third fundraise in lower than a 12 months. The three-year-old startup secured its earlier capital haul of $100 million at a pre-money valuation of $2.5 billion late final 12 months, as TechCrunch was first to report. 

AI coding assistants, also known as ‘vibe coders,’ have emerged as one in every of AI’s hottest purposes, with Cursor main the class. Anysphere’s annualized income (ARR) has been doubling roughly each two months, an individual aware of the corporate informed TechCrunch. The corporate has surpassed $500 million in ARR, sources informed Bloomberg, a 60% enhance from the $300 million we reported in mid-April.

Cursor presents builders tiered pricing. After a two-week free trial, the corporate converts customers into paying clients, who can go for both a $20 pro-offering or a $40 month-to-month enterprise subscription.

Till not too long ago, the vast majority of the corporate’s income got here from particular person consumer subscriptions, Bloomberg reported. Nevertheless, Anysphere is now providing enterprise licenses, permitting firms to buy the appliance for his or her groups at a better worth level.

Earlier this 12 months, the corporate was approached by OpenAI and different potential consumers, however Anysphere turned down these presents. The ChatGPT maker purchased Windsurf, one other fast-growing AI assistant reportedly for $3 billion.