Anysphere, the company behind the AI coding assistant Cursor, has raised $900 million at a valuation of $9.9 billion. The funding round was led by returning investor Thrive Capital, with participation from Andreessen Horowitz, Accel, and DST Global.
This marks Anysphere’s third funding round in under a year. The three-year-old startup previously raised $100 million at a pre-money valuation of $2.5 billion late last year.
AI coding assistants, often called “vibe coders,” have become one of the most widely adopted applications of artificial intelligence, with Cursor emerging as a category leader. According to sources familiar with the company, Anysphere’s annual recurring revenue (ARR) has been doubling approximately every two months. The company has now surpassed $500 million in ARR, a 60% jump from $300 million reported just a couple of months ago.
Cursor provides developers with tiered pricing options. After a two-week free trial, users can subscribe to either a $20 Pro plan or a $40 monthly business plan.
Previously, most of Anysphere’s revenue came from individual subscriptions. However, the company has recently started offering enterprise licenses, enabling teams and organizations to adopt the tool at higher price points.
Earlier this year, Anysphere reportedly received acquisition interest from companies including OpenAI, but declined the offers. Meanwhile, OpenAI acquired Windsurf, another fast-growing AI assistant, in a deal valued at around $3 billion.
