Cursor’s Anysphere hits $9.9B valuation, exceeds $500M ARR
▼ Summary
– Anysphere, creator of AI coding assistant Cursor, raised $900 million at a $9.9 billion valuation, led by Thrive Capital with participation from Andreessen Horowitz, Accel, and DST Global.
– This marks Anysphere’s third funding round in under a year, following a $100 million raise at a $2.5 billion valuation late last year.
– Cursor is a leading AI coding assistant, with Anysphere’s annualized revenue (ARR) doubling every two months and surpassing $500 million.
– Cursor offers tiered pricing, including a $20 Pro plan and a $40 business subscription, transitioning users to paid plans after a free trial.
– Anysphere declined acquisition offers from OpenAI and others, focusing instead on expanding enterprise licenses for team purchases.
Anysphere, the company behind the popular AI coding tool Cursor, has achieved a staggering $9.9 billion valuation after securing $900 million in fresh funding. The investment round was spearheaded by Thrive Capital, with notable contributions from Andreessen Horowitz, Accel, and DST Global. This marks the startup’s third major funding event in under a year, following a $100 million raise late last year that valued the company at $2.5 billion.
The rapid ascent of AI-powered coding assistants has positioned Cursor as a standout in the competitive landscape. Often dubbed “vibe coders,” these tools have gained traction among developers seeking intelligent automation. According to insiders, Anysphere’s annual recurring revenue (ARR) has been doubling every two months, recently surpassing the $500 million milestone, a sharp 60% jump from the $300 million reported just weeks ago.
Cursor operates on a subscription model, offering developers a two-week free trial before transitioning them to paid plans. Users can choose between a $20 monthly Pro tier or a $40 business subscription tailored for teams. Initially, individual users drove most of the company’s revenue, but Anysphere has since expanded into enterprise licensing, enabling organizations to deploy the software across entire development teams at premium rates.
Despite interest from major players like OpenAI, Anysphere has remained independent, turning down acquisition offers earlier this year. OpenAI later acquired Windsurf, another rising AI assistant, in a deal reportedly worth $3 billion. The decision to stay the course appears to be paying off, with Cursor’s growth trajectory showing no signs of slowing.
(Source: TechCrunch)
