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DeeperML
@siliconangle.com
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Anysphere Inc., the company behind the AI-powered code editor Cursor, has announced a massive $900 million funding round, rocketing its valuation to $9.9 billion. The Series C funding was led by Thrive Capital, with significant participation from Andreessen Horowitz, Accel, and DST Global. This funding round confirms recent rumors and highlights the immense investor confidence in the future of AI-driven software development. The company, launched in 2023 by MIT alumni, has rapidly become a popular AI-first coding environment.
The valuation increase reflects Anysphere's impressive sales growth, reaching $500 million in annualized recurring revenue (ARR) just three years after launching. Cursor is reportedly generating nearly a billion lines of AI-assisted code per day. Investors estimate that this growth rate makes Anysphere the fastest-growing software startup of all time. Cursor's widespread adoption within major tech firms such as NVIDIA, Uber, and Adobe, where it is used by more than half of the Fortune 500, further solidifies its market position.
Cursor is based on VS Code and is designed to automate programming tasks through its AI capabilities, including an embedded chatbot that generates code and provides technical explanations. It helps developers perform tasks using natural language processing to generate corresponding terminal commands. The code editor also functions as a spell checker, identifying and correcting both obvious and subtle bugs. Anysphere generates revenue through paid versions of Cursor, with Pro and Enterprise tiers offering increased usage limits and enhanced features. This new funding should enable Anysphere to further its AI coding research and address competition.
ImgSrc: d15shllkswkct0.
References :
The valuation increase reflects Anysphere's impressive sales growth, reaching $500 million in annualized recurring revenue (ARR) just three years after launching. Cursor is reportedly generating nearly a billion lines of AI-assisted code per day. Investors estimate that this growth rate makes Anysphere the fastest-growing software startup of all time. Cursor's widespread adoption within major tech firms such as NVIDIA, Uber, and Adobe, where it is used by more than half of the Fortune 500, further solidifies its market position.
Cursor is based on VS Code and is designed to automate programming tasks through its AI capabilities, including an embedded chatbot that generates code and provides technical explanations. It helps developers perform tasks using natural language processing to generate corresponding terminal commands. The code editor also functions as a spell checker, identifying and correcting both obvious and subtle bugs. Anysphere generates revenue through paid versions of Cursor, with Pro and Enterprise tiers offering increased usage limits and enhanced features. This new funding should enable Anysphere to further its AI coding research and address competition.
ImgSrc: d15shllkswkct0.
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References :
- siliconangle.com: Anysphere raises $900M for its AI-powered Cursor code editor
- NextBigFuture.com: AI Programming Company Cursor Raises $900 Million
- www.unite.ai: Cursor AI Rockets to $9.9 Billion Valuation with Massive $900 Million Raise
- SiliconANGLE: Anysphere raises $900M for its AI-powered Cursor code editor
Classification:
- HashTags: #Anysphere #AICoding #Cursor
- Company: Anysphere
- Target: Code Editor Startup
- Product: Cursor
- Feature: AI coding
- Type: AI
- Severity: Informative