Anysphere, the company behind the AI coding tool Cursor, has reportedly secured $900 million in a new funding round led by Thrive Capital, according to sources cited by the Financial Times.
The round values the startup at approximately $9 billion.
Top-tier venture firms Andreessen Horowitz (a16z) and Accel are also participating in the round. This marks a significant jump from its previous funding in December, when Cursor raised $105 million at a $2.5 billion valuation, also led by Thrive Capital with participation from a16z.
To date, Anysphere has raised more than $173 million in funding, based on data from Crunchbase.
The latest investment round reflects growing enthusiasm among investors for AI-driven development tools.
Established firms like Index Ventures and Benchmark are reportedly eager to back Anysphere, but the company’s existing investors are moving quickly to maintain their stakes.
Investor interest in AI coding tools continues to surge. Rival startup Windsurf, also in the AI coding space, has been in talks to raise funds at a $3 billion valuation. Reports also suggest that OpenAI, an investor in Anysphere, recently explored acquiring Windsurf at a similar valuation—highlighting the intense competition and value placed on next-generation developer tools in the AI space.
Anysphere’s latest funding round highlights the surging demand for AI-powered developer tools and cements its position as a major player in the rapidly evolving coding assistant space. With strong backing from top-tier investors like Thrive Capital, a16z, and Accel, the company is poised for significant growth as competition in the AI coding sector intensifies.
