Anysphere, the developer behind the AI-driven coding assistant Cursor, has secured $900 million in a new funding round led by Thrive Capital, as reported by The Financial Times. This investment values the company at approximately $9 billion, with participation from notable firms such as Andreessen Horowitz (a16z) and Accel.
Funding History and Valuation
Previously, in December, Cursor raised $105 million from Thrive Capital and a16z at a valuation of $2.5 billion. According to TechCrunch, this brings the total funding raised by Anysphere to over $173 million, based on data from Crunchbase.
Investor Competition
Interest in Anysphere has intensified, leading investors like Index Ventures and Benchmark to pursue opportunities to invest. Existing investors are also eager to support the company, showcasing a competitive landscape for funding.
Market Trends
Within the sphere of AI-powered coding tools, other startups are also drawing significant investor attention. Windsurf, a competitor to Anysphere, was recently in talks to raise funds at a valuation close to $3 billion. Additionally, OpenAI, which has invested in Anysphere, was reportedly considering acquiring Windsurf for a similar amount.