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Anysphere , the developer of AI - powered coding helper Cursor , call down $ 100 million Series B at a post - money valuation of $ 2.6 billion , according to sources with knowledge of the deal . The round is being led by return investor Thrive Capital , the multitude said .
This Modern funding come just four months after Anysphere raised its$60 million Series Aat a $ 400 million rating direct by Andreessen Horowitz , with involvement of Thrive . a16z also joined the later round .
Thrive declined to gloss and the troupe and a16z have not responded to our petition for comment .
Last month , TechCrunch reported that investor , including Index Ventures and Benchmark , werefalling over themselvesfor a chance to back the company . But ostensibly , Anysphere is growing so fast that the exist VC could n’t top up the chance to double down on the wager , even if it read a astonishing 6.5 times leap in valuation over a unit of ammunition that was completed just a few calendar month ago . The interest in backing this society , and who would acquire the pot , has become wide watched by Valley insiders and wasflaggedby an X bill call Arfur Rock .
The food market for AI - power coding assistants is crowded with options such as Augment , Codeium , Magic , and Poolside , as it is one of the area where AI has found a unanimous , tax income - generating lane . None of these tools are as popular with developers as Cursor , though they are also chasing Microsoft ’s GitHub Copilot , which justraised the stakes by launching a free version .
Still , Anysphere ’s taxation has grow from $ 4 million annualized recur tax revenue ( ARR ) in April to $ 4 million a month in October , reference previously told TechCrunch . That entail the company ’s ARR in October was $ 48 million , entail that the late daily round respect Anysphere at over 50 times its receipts . ( The terminal mountain rating multiple was likely slightly broken , however , if the companionship ’s profligate revenue growth continued . )
Cursor offers developers a freemium model with tiered pricing . After a two - week free trial , the caller converts users to give customers who pay up either $ 20 for a pro offering or $ 40 a month for a business subscription design for larger team and organisation . company that use CursorincludeOpenAI , Midjourney , Perplexity , Replicate , Shopify , and Instacart .
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Anysphere was co - establish in 2022 by Michael Truell , Sualeh Asif , Arvid Lunnemark , and Aman Sanger while they were student at MIT . Last year , it went throughOpenAI ’s acceleratorand raised its seed funding guide by OpenAI Startup Fund .
Other investors in the party include speculation firmNeo , Stripe co - founder Patrick Collison , former GitHub CEO Nat Friedman , and Dropbox cobalt - founder Arash Ferdowsi .
