Summary:
Anysphere raises $900 million in new funding.
Cursor's valuation skyrockets to $9 billion.
Thrive Capital, a16z, and Accel are key investors.
AI coding startups are gaining significant investor interest.
Windsurf, a rival, is also in talks for funding at $3 billion.
In Brief
Anysphere, the company behind the AI-powered coding tool Cursor, has made headlines by securing $900 million in a new funding round led by Thrive Capital.
Image Credits: Yuichiro Chino / Getty Images
According to a report by Financial Times, the funding round also saw participation from Andreessen Horowitz (a16z) and Accel, pushing Anysphere's valuation to approximately $9 billion.
Previously, Cursor raised $105 million from Thrive and a16z at a valuation of $2.5 billion just four months prior. This interest from leading investors highlights the growing momentum in the AI coding space.
There’s a buzz in the investor community, with firms like Index Ventures and Benchmark eager to support Anysphere, as existing backers are keen to maintain their stake in the company.
The competitive landscape is heating up, with other AI-powered coding startups like Windsurf also attracting significant investment interest. Recently, it was reported that Windsurf is in discussions to raise funds at a valuation nearing $3 billion, with OpenAI eyeing an acquisition.
This surge in funding reflects the increasing demand for AI-driven solutions in coding and software development, indicating a robust future for Anysphere and its innovative offerings.
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