Anysphere reportedly secured $100M from Thrive Capital
In a remarkably short time, Anysphere, the parent company of AI coding assistant Cursor, has managed to raise a $60M Series A led by Andreessen Horowitz and a $100M Series B led by Thrive. The latter round places the startup at an estimated $2.6B valuation.
In November, it became public that Anysphere, the company behind the wildly popular AI coding assistant Cursor, had sparked an unsolicited bidding war. Motivated by Anysphere's explosive growth—from $4 million annualized recurring revenue (ARR) in April to $4 million monthly in October—venture firms including Benchmark, Index Ventures, Andreessen Horowitz, and Thrive Capital offered to invest in the company at valuations reaching the $2.5 billion mark.
Previously, Anysphere was valued at $400 million this August, when the company closed a $60 million Series A funding round led by Andreessen Horowitz, with Thrive participating. Recent reports confirm that following the unexpected negotiations, Anysphere has raised an additional $100 million at a $2.6 billion valuation in a Series B round led by Thrive Capital. In other words, Anysphere has managed a staggering six-fold increase in value in just four months.
Anysphere is not without competitors: Augment, Codeium, Magic, Poolside, and GitHub Copilot are all vying for a piece of the same pie. However, Cursor seems to be fortunate enough to hold a privileged position. The AI-powered coding assistant boasts a client roster including notable names in the AI and tech industries, such as OpenAI, Midjourney, Perplexity, Replicate, Shopify, and Instacart. Additionally, Anysphere recently acquired competitor Supermaven, a startup founded by Tabnine creator Jacob Jackson which raised $12 million for its AI-enhanced coding editor.
