How Anything's AI Coding Platform Skyrocketed to a $100M Valuation in Just Weeks
Yahoo Finance2 weeks ago
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How Anything's AI Coding Platform Skyrocketed to a $100M Valuation in Just Weeks

AI Development Tools
ai
coding
startup
valuation
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Summary:

  • Anything achieved a $100M valuation after raising an $11M funding round led by Footwork.

  • The startup hit a $2M annualized run rate in just two weeks post-launch, showcasing explosive growth.

  • It addresses a key gap in vibe coding by providing full infrastructure for production-ready software.

  • Co-founders from Google aim to make Anything the Shopify of AI coding, enabling non-technical users to build profitable apps.

  • Users have already created functional apps like habit trackers and CPR courses, some generating revenue.

The Rise of Vibe Coding

It’s no secret that vibe coding — using AI-powered coding tools to build apps and websites via natural language prompts — is exploding in popularity.

In July, Swedish vibe coding startup Lovable hit $100 million in annual recurring revenue (ARR) just eight months after launch, plans to close the year at $250 million ARR and thinks it will hit $1 billion ARR within the next 12 months. Meanwhile, Replit said earlier this month that its ARR soared from $2.8 million to $150 million in less than a year.

These companies’ remarkable growth has fueled a wave of competitors, many of which are also quickly gaining momentum. "This is one of those spaces where every company is growing like a weed," said Nikhil Trivedi, co-founder and general partner at VC firm Footwork.

The Shortcoming in Vibe Coding

However, despite their rapid growth, Trivedi argues that Lovable, Replit, and other vibe coding startups have a significant shortcoming: they excel at developing prototypes but struggle to enable users to launch production-ready software.

The problem with most vibe coding companies, Trivedi says, is that they don’t provide all the infrastructure that non-technical users need to launch a functional product.

Anything's Solution and Explosive Growth

Anything

Anything, an AI app launched a month ago, is attempting to solve this problem by offering all the tools – from databases to storage and payment functionality — that users need to run businesses on the web or to send their vibe-coded creations to the App Store. The company’s initial traction was explosive, reaching $2 million annualized run rate in just two weeks.

Though the vibe coding market is crowded, the company’s growth rate is so impressive that Trivedi knew he had to fund it.

Anything announced on Monday that it has raised an $11 million financing round at a $100 million valuation, led by Footwork, with additional backing from Uncork, Bessemer, and M13.

Co-founded by former Google colleagues Dhruv Amin and Marcus Lowe, Anything is particularly designed to help non-technical people generate complete web and mobile applications.

"You haven’t really seen real businesses built on top of any of these tools," Amin said about other vibe coding companies. "We want to be the Shopify of the space, where people build apps that make money on top of us."

Amin claims that users have already leveraged Anything to build fully functional applications available in the AppStore, including a habit tracker, a CPR training course, and a hair-style "try-on" app. Some of these apps are even starting to make money.

These users, according to Amin, can finish their app in large part because they don’t have to figure out how to set up and connect other essential tools to the prototype generated by the vibe coding app.

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