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Anysphere, the company behind the AI code editor Cursor, has reportedly secured a massive $900 million in a new funding round. The financing was spearheaded by Thrive Capital, with significant participation from Andreessen Horowitz (a16z) and Accel. This latest investment values Anysphere at an impressive $9 billion, a substantial leap from its previous valuation of $2.5 billion in January of this year.
The demand to invest in Anysphere, and other AI coding startups, has been incredibly high. This surge in value is likely attributed to the company's rapid sales growth and the increasing prominence of AI-powered coding tools. The company's annual recurring revenue reportedly topped $200 million last month, indicating the growing adoption and reliance on its Cursor code editor by developers. According to its website, Cursor produces nearly a billion working lines of code each day.
Cursor, Anysphere's flagship product, features a split-screen interface that combines a traditional code editor with an AI chatbot. This allows developers to use natural language prompts to instruct the chatbot to make code changes, streamlining the coding process. The AI is capable of generating multiple lines of code at once and can search for additional information on the web and in a software project’s documentation when given a challenging task. Under the hood, Cursor is powered by language models from OpenAI, Google LLC and other providers, with the addition of an internally developed model dubbed Cursor-Fast. Anysphere clients include Stripe, Spotify, and OpenAI.
ImgSrc: the-decoder.com
References :
The demand to invest in Anysphere, and other AI coding startups, has been incredibly high. This surge in value is likely attributed to the company's rapid sales growth and the increasing prominence of AI-powered coding tools. The company's annual recurring revenue reportedly topped $200 million last month, indicating the growing adoption and reliance on its Cursor code editor by developers. According to its website, Cursor produces nearly a billion working lines of code each day.
Cursor, Anysphere's flagship product, features a split-screen interface that combines a traditional code editor with an AI chatbot. This allows developers to use natural language prompts to instruct the chatbot to make code changes, streamlining the coding process. The AI is capable of generating multiple lines of code at once and can search for additional information on the web and in a software project’s documentation when given a challenging task. Under the hood, Cursor is powered by language models from OpenAI, Google LLC and other providers, with the addition of an internally developed model dubbed Cursor-Fast. Anysphere clients include Stripe, Spotify, and OpenAI.
ImgSrc: the-decoder.com
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References :
- www.techmeme.com: Sources: Anysphere, maker of AI coding tool Cursor, raised $900M at a $9B valuation, up from $2.5B in January, led by Thrive, with a16z and Accel participating
- @techmeme.com - Techmeme: Sources: Anysphere, maker of AI coding tool Cursor, raised $900M at a $9B valuation, up from $2.5B in January, led by Thrive, with a16z and Accel participating
- siliconangle.com: AI code editor startup Anysphere reportedly closes $900M funding round
- the-decoder.com: Cursor developer Anysphere closes mega financing round
- TechCrunch: Anysphere, which makes Cursor, has reportedly raised $900M at $9B valuation
- SiliconANGLE: AI code editor startup Anysphere reportedly closes $900M funding round
- www.ft.com: Anysphere closes $900mn funding round from investors including Thrive Capital and Andreessen Horowitz
- Techmeme: Sources: Anysphere, maker of AI coding tool Cursor, raised $900M at a $9B valuation, up from $2.5B in January, led by Thrive, with a16z and Accel participating
Classification:
- HashTags: #AICoding #Anysphere #CursorEditor
- Company: Anysphere
- Target: Developers
- Product: Cursor
- Feature: AI coding tool
- Type: AI
- Severity: Informative