AI-Powered Coding Tool Anysphere Lands $900M At $9B — Report

Anysphere, which sells the popular Cursor application, has reportedly raised a $900 million round at a $9 billion valuation.

The round — first reported by The Financial Times — was led by Thrive Capital and included investment from Andreessen Horowitz and Accel.

It was just last December when Anysphere raised a $105 million Series B led by Thrive Capital that valued the company $2.6 billion. That was four months after raising a $60 million Series A.

Founded in 2022, the company has raised $1.1 billion, per Crunchbase.

Coding cash

Artificial intelligence-powered coding has become a hit with investors as the use case seems to have taken off inside large enterprises as a way to save developers’ time. 

It seems to have also spurred M&A interest. Last month, it was reported OpenAI is in talks to acquire AI-assisted coding tool Windsurf — previously called Codeium — for $3 billion. The deal would be the generative AI giant’s biggest acquisition to date, per Crunchbase.

OpenAI reportedly tried to buy code-writing startup Anysphere before turning its attention to Windsurf.

Whether it’s coding, model design or security, big money continues to pour into AI. Per Crunchbase’s global funding report, AI was the leading sector for venture funding in the first quarter, with $59.6 billion invested. The first quarter marked the strongest quarter for AI funding ever, with an astonishing 53% of global funding going to the AI sector alone.

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Illustration: Dom Guzman