Anysphere Raises $900M, Valuation Hits $9B

Anysphere, the company behind the AI-powered coding platform Cursor, has raised $900 million in a funding round led by Thrive Capital, Andreessen Horowitz, and Accel, boosting its valuation to approximately $9 billion. This marks a significant leap from its previous $2.5 billion valuation following a $105 million round just months earlier. The funding highlights surging investor interest in AI-enabled developer tools, with existing and new investors vying for a stake in Anysphere. Cursor has rapidly grown its revenue and user base since its 2023 launch, positioning itself as a tool that augments human engineers rather than replacing them. The broader market for AI coding assistants is heating up, as competitors like Windsurf also attract high valuations and acquisition interest from major industry players such as OpenAI. Anysphere’s success underscores the accelerating adoption of AI in software development and the competitive landscape among startups in this space.