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There is n’t a dearth of AI - powered coding assistance startups . They include Augment , Codeium , Magic , andPoolside .
However , Cursor has become one of the most popular . Its developer , Anysphere , has seen its gross develop from $ 4 million annualized recurring gross ( ARR ) in April to $ 4 million a calendar month as of last calendar month , accord to a person with direct knowledge of the company ’s financials . The company is experience degraded user acceptation and maturation compare to other coding assistant provider , another person said .
Such fast growth has VCs flocking to it . Anysphere has received unsolicited offers esteem the party at as much as $ 2.5 billion from Benchmark , Index Ventures , and old investors Andreessen Horowitz and Thrive , among others , the person say .
Index Ventures declined to remark . Anysphere , Benchmark , Andreessen Horowitz , and Thrive did n’t respond to requests for comment .
interest group in the society has explode so tight that last week , the unsolicited offers started at a $ 1.5 billion evaluation , but have already risen to $ 2.5 billion , the person with direct cognition of the company enjoin . source also toldThe Informationthat investor are uncoerced to price the company at $ 2.5 billion .
This compares to the $ 400 million valuation of Anysphere from just four months ago , when it resurrect a$60 million Series Aled by Andreessen Horowitz and Thrive . Patrick Collison , Stripe co - founder , also joined the round .
The ship’s company was co - founded in 2022 by Michael Truell , Sualeh Asif , Arvid Lunnemark , and Aman Sanger while they were scholar at MIT . Last yr , Anysphere calibrate fromOpenAI ’s acceleratorprogram and became its most prominent graduate . The company then raise an$8 million seedround led by OpenAI ’s Startup Fund , with participation from former GitHub chief operating officer Nat Friedman and Dropbox co - founder Arash Ferdowsi .
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Most locomotive engineer are already using put on assistants like Cursor , and some VCs anticipatethat these cock will before long allow startups to hire few software developer .
