Anysphere Hits $9.9B Valuation with $900M Raise
AI Coding Startup Achieves Record Growth
Anysphere, the company behind revolutionary AI coding assistant Cursor, has secured a staggering $900 million funding round at a $9.9 billion valuation according to Bloomberg. The investment was led by Thrive Capital with participation from Andreessen Horowitz, Accel, and DST Global.
Exponential Valuation Growth
This marks Anysphere’s third funding event in under 12 months. Previously, the 3-year-old startup raised $100 million at a $2.5 billion pre-money valuation, as TechCrunch exclusively reported. The company’s valuation has nearly quadrupled in just six months.
Why Investors Are Betting Big on AI Coding
The AI-powered coding assistant market has exploded in popularity, with Cursor emerging as the category leader. Sources reveal Anysphere’s annual recurring revenue (ARR) has been doubling every two months, demonstrating unprecedented growth velocity.
Revenue Growth Outpaces Expectations
Bloomberg reports Anysphere surpassed $500 million ARR – a 60% jump from the $300 million figure reported in mid-April. The company’s aggressive expansion comes from both individual developers and enterprise clients adopting its solutions.
Cursor’s Business Model Explained
The platform operates on a freemium model:
- Two-week free trial period
- $20/month Professional tier
- $40/month Business subscription
While initially reliant on individual subscriptions, Anysphere has successfully expanded into enterprise sales with custom licensing options for development teams.
Strategic Independence Pays Off
Despite acquisition interest from OpenAI and other tech giants earlier this year, Anysphere chose to remain independent. This decision appears justified given its current valuation – more than triple what OpenAI paid for competitor Windsurf ($3 billion).
The massive funding round positions Anysphere among the most valuable AI startups globally, signaling strong investor confidence in the future of AI-assisted software development.