Anysphere’s Cursor Eyes $10 Billion Valuation Amid AI Coding Assistant Surge
Anysphere, creator of the AI coding assistant Cursor, is negotiating a funding round that could value the company at $10 billion, signaling strong investor interest in AI-driven coding tools.
Investor enthusiasm for AI coding assistants isn’t just growing—it’s skyrocketing. Take Anysphere, for instance, the brains behind the AI-powered coding assistant Cursor. They’re currently chatting up venture capitalists, aiming to bag funding that could peg their worth at a jaw-dropping $10 billion (yeah, billion with a ‘B’), as Bloomberg spills the tea. This comes hot on the heels of their recent $100 million cash injection, which already had folks buzzing when TechCrunch broke the news.
Thrive Capital, no stranger to the Anysphere party, looks set to lead this latest funding shindig. But when pressed for deets, both Thrive and Anysphere are playing it cool, keeping lips sealed tighter than a drum. Last time around, the company was valued at a cool 25 times its $100 million ARR—though whispers from The Information suggest that number might’ve ballooned to $150 million. If the math holds, this new deal could see Anysphere strutting at a valuation 66 times its ARR. Talk about flexing.
And guess what? Anysphere’s not the only one turning heads. Codeium, the folks behind the AI coding editor Windsurf, are also in the money-raising game, eyeing a valuation that’s knocking on $3 billion’s door. Kleiner Perkins is leading the charge there. It’s clear as day: AI’s weaving itself into the fabric of coding tools faster than you can say ‘disruption,’ leaving other sectors like sales, law, and healthcare eating its dust. Investors are all in, betting big on AI’s power to flip software development on its head.
Oh, and let’s not forget Poolside. These guys are cooking up their own large language model, and guess what? Investors are lining up, checkbooks in hand. It’s not just a trend; it’s a full-blown gold rush in the world of AI-powered coding solutions.