In a remarkable display of investor confidence, Anysphere, the innovative company behind the AI-powered coding assistant Cursor, has reached a valuation of $9.9 billion following a massive $900 million funding round. This milestone, achieved in just three years since the company's founding, positions Anysphere as one of the fastest-growing software startups in recent history.
The funding round, led by Thrive Capital, underscores the explosive growth of the AI coding sector, where tools like Cursor are revolutionizing software development. By leveraging advanced language models, Cursor assists developers in writing code, debugging, and understanding complex codebases, significantly boosting productivity.
Anysphere's rapid ascent is further highlighted by its reported annualized revenue surpassing $500 million, a testament to the high demand for AI-driven coding solutions. This latest raise marks the company's third funding round within a year, following a previous valuation of $2.5 billion earlier in 2025.
Michael Truell, CEO of Anysphere, recently discussed this achievement on Bloomberg Technology, emphasizing the transformative potential of AI in coding. He noted that Cursor's ability to enable 'vibe coding'—a term coined by Andrej Karpathy—has redefined how developers approach their work.
Founded by MIT graduates, Anysphere has quickly become a powerhouse in the AI industry, drawing parallels to the rapid growth seen in cryptocurrency and blockchain sectors. The company's success signals a broader trend of investor interest in disruptive technologies that enhance efficiency and innovation.
As Anysphere continues to scale, industry watchers anticipate further developments in AI coding tools, with Cursor at the forefront. This funding round not only cements Anysphere's position as a leader but also sets the stage for potential expansion into new markets and applications.
Maria Lourdes
