Anysphere, the developer behind the AI coding assistant Cursor, has officially reached a valuation of $9.9 billion following a $900 million funding round. This latest round was spearheaded by returning investor Thrive Capital, joined by prominent firms Andreessen Horowitz, Accel, and DST Global.
This impressive financing is Anysphere’s third funding round within the past year, underscoring rapid growth and strong investor confidence. Late last year, the three-year-old startup raised $100 million at a pre-money valuation of $2.5 billion.
Cursor has quickly risen to prominence within the category of AI-powered coding assistants, often nicknamed “vibe coders,” becoming one of artificial intelligence’s most sought-after solutions. Anysphere’s annual recurring revenue (ARR) has been reported to double roughly every two months and has now exceeded the $500 million mark, representing a staggering 60% increase since mid-April.
The company’s revenue model utilizes tiered subscriptions. After an initial two-week free trial, customers can choose between a $20 monthly pro option and a $40 monthly business plan. Previously, most revenues originated from individual subscriptions; however, Anysphere has recently expanded into enterprise licensing, enabling businesses to provide Cursor to entire teams at premium pricing tiers.
Earlier this year, Anysphere reportedly attracted acquisition interest from OpenAI and other potential buyers but chose to remain independent. OpenAI ultimately purchased Cursor’s competitor Windsurf, another fast-growing AI assistant, in a deal valued around $3 billion.
